VPI Q2 2018 Results
Overall, the South African car market has had a good quarter with signs of recovery, which is seen by modest increases in volumes, which is credited to the competitive pricing on new entry-level vehicles. The exchange rate change in the upcoming months will affect the rate of recovery of the vehicle market. We expect the VPI trend to continue into the next quarter with slow price increases to stimulate demand and this will relate to marginal increases in volume or remaining the same.
"The current pricing trends are nevertheless very good news for consumers as some car brands have managed to reduce their prices over the past 12 months. At a time when consumers are feeling the pinch from price increases in areas, like fuel, as the economy struggles to gain ground, these lower prices provide significant relief"
Kriben Reddy, Head of Auto Information Solutions
Q2 2018 Vehicle Asset Finance Results
We have seen a shift in the vehicles financed under R200k. The percentages have changed from an average of 40% in 2017 to 37% in 2018 Q2. The shift is directly related to entry level vehicles being above the 200k mark.
VPI Q2 2018: Insights
Unpack the most important facts, findings and insights held in this quarter’s infographic. Download our latest version here.
Stay on top of recent vehicle pricing trends with our latest press release. TransUnion’s Vehicle Pricing Index dips below inflation for the 4th consecutive quarter