South Africa Used Cars Market, By Vehicle Type (Hatchbacks, Sedans, Sports Utility Vehicles (SUVs), Multi-Purpose Vehicles (MPVs)); By Fuel Type (Gasoline, Diesel); By Booking Type (Online, Offline); By Vendor Type (Organized, Unorganized), Trend Analysis

South Africa Used Cars Market, By Vehicle Type (Hatchbacks, Sedans, Sports Utility Vehicles (SUVs), Multi-Purpose Vehicles (MPVs)); By Fuel Type (Gasoline, Diesel); By Booking Type (Online, Offline); By Vendor Type (Organized, Unorganized), Trend Analysis, Competitive Landscape & Forecast, 2019–2030


South Africa Used Cars Market Size Accelerates at High Single Digit CAGR of 8.6% to Surpass USD 30.1 Billion and 3.9 Million Units by 2030
South Africa Used Cars Market is growing in the wake of the pandemic as buyers turn to online tools to research, compare, and buy vehicles.
BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated the South Africa Used Cars Market size by value at USD 16.9 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the South Africa Used Cars Market size to expand at a CAGR of 8.6% reaching a value of USD 30.1 billion in 2030. The South Africa Used Cars Market is thriving amid economic change. New car prices increase the demand for used cars. The wide range and low prices of used cars are appealing to price-conscious buyers. Consumers are considering financial and value changes that influence their choices between new and used cars. Economic factors and increasing demand for used cars are expected to shape the market in 2024.
By volume, BlueWeave estimated the South Africa Used Cars Market size at 2.1 million units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the South Africa Used Cars Market size to expand at a CAGR of 9.2% reaching a volume of 3.9 million units by 2030. Prominent factors driving the growth of the South Africa Used Cars Market include the growing middle class seeking affordability, urbanization, and reliable transport solutions. Notably, the growing need for affordable mobility and the increase in internet access enabling online sales continue to grow the market, making it a strong and competitive arena.
Opportunity – Growing demand for affordable vehicles
The South Africa Used Cars Market is growing at a significant rate due to the expanding availability of low cost vehicles. As new automobile prices rise, more consumers are turning to the used car market as a low-cost alternative. In addition, the widespread use of the internet has expanded market share by making it easier for consumers and sellers to interact. Improving access to finance and the availability of pre-approved programs supports the trend.
Impact of Escalating Geopolitical Tensions on South Africa Used Cars Market
Escalating geopolitical tensions may have a significant impact on the South Africa Used Cars Market. Further uncertainty can lead to currency devaluation, affecting imports. Trade restrictions may limit consumer choice by limiting the availability of certain vehicles. In addition, the increase in global oil prices due to geopolitical instability may deter consumers by increasing operating costs. Additionally, geopolitical conflicts can disrupt the supply chain, cause delays in vehicle introductions, and impact market availability. For example, tensions with key trading partners such as China or Europe could disrupt the South African automobile supply chain. Together, these factors may reduce consumer confidence, purchasing power, and overall growth of the South Africa Used Cars Market.
South Africa Used Cars Market
Segmental Coverage
South Africa Used Cars Market – By Vehicle Type
Based on vehicle type, South Africa Used Cars Market is divided into Hatchbacks, Sedans, Sports Utility Vehicles (SUVs), and Multi-Purpose Vehicles (MPVs) segments. The SUV vehicle type is emerging as an important segment in the South Africa Used Cars Market. The SUVs segment’s dominance is due to the proliferation of vehicles offering more features, higher ground clearance, and better safety features. Consumers are attracted to SUVs for their versatility and spacious interiors that can accommodate large family members and provide ample cargo space. The popularity of the SUV vehicle type is growing further with the model range offered at competitive prices in the Used Car Market.
South Africa Used Cars Market – By Fuel Type
Based on fuel type, South Africa Used Cars Market is divided into Gasoline and Diesel segments. Diesel engines' improve fuel economy, longer lifespan, and reduce carbon dioxide emissions over gasoline engines. For long-distance driving and business use, diesel vehicles are especially preferred because they offer higher mileage and long-term cost benefits. Also, the diesel fuel type dominance in the South Africa Used Car Market can be attributed to the easy availability of diesel fuel and the preference for robust performance in a variety of terrains.
Competitive Landscape
South Africa Used Cars Market is fiercely competitive. Major companies in the Market include Carmag, Autotrader, Toyota, Volkswagen, Ford, BMW, Mercedes-Benz, We Buy Cars, Automart, and Carshop. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa Used Cars Market.


The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the South Africa Used Cars Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in South Africa Used Cars Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. South Africa Used Cars Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising cost of new cars
3.2.1.2. Shifting consumer preferences
3.2.1.3. Improved quality and reliability of used cars
3.2.1.4. Growth of online used car platforms
3.2.2. Restraints
3.2.2.1. Lack of transparency
3.2.2.2. Stigma around used cars
3.2.3. Opportunities
3.2.3.1. Increasing demand for personal mobility
3.2.3.2. Economic factors
3.2.4. Challenges
3.2.4.1. Economic downturns
3.2.4.2. Rising prices of used cars
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. South Africa Used Cars Market: Marketing Strategies
5. South Africa Used Cars Market: Pricing Analysis
6. South Africa Used Cars Market Overview
6.1. Market Size & Forecast, 2019–2030
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.1.1. Hatchback
6.2.1.2. Sedan
6.2.1.3. Sports Utility Vehicle (SUV)
6.2.1.4. Multi-Purpose Vehicles (MPVs)
6.2.1.5. Others
6.2.2. By Fuel Type
6.2.2.1. Gasoline
6.2.2.2. Diesel
6.2.2.3. Others
6.2.3. By Booking Type
6.2.3.1. Online
6.2.3.2. Offline
6.2.4. By Vendor Type
6.2.4.1. Organized
6.2.4.2. Unorganized
7. Competitive Landscape
7.1. List of Key Players and Their Offerings
7.2. South Africa Used Cars Company Market Share Analysis, 2023
7.3. Competitive Benchmarking, By Operating Parameters
7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. South Africa Used Cars Market: Import & Export
9. Impact of Escalating Geopolitical Tensions on South Africa Used Cars Market
10. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
10.1. Carmag
10.2. Autotrader
10.3. Toyota
10.4. Volkswagen
10.5. Ford
10.6. BMW
10.7. Mercedes-Benz
10.8. We buy cars
10.9. Automart
10.10. Carshop
10.11. Other Prominent Players
11. Key Strategic Recommendations
12. Research Methodology
12.1. Qualitative Research
12.1.1. Primary & Secondary Research
12.2. Quantitative Research
12.3. Market Breakdown & Data Triangulation
12.3.1. Secondary Research
12.3.2. Primary Research
12.4. Breakdown of Primary Research Respondents, By Country
12.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 South Africa Used Cars Segmentation
Figure 2 South Africa Used Cars Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 South Africa Used Cars Market Size, By Value (USD Billion), 2019–2030
Figure 5 South Africa Used Cars Market Share, By Vehicle Type, By Value, 2019–2030
Figure 6 South Africa Used Cars Market Share, By Fuel Type, By Value, 2019–2030
Figure 7 South Africa Used Cars Market Share, By Booking Type, By Value, 2019–2030
Figure 8 South Africa Used Cars Market Share, By Vendor Type, By Value, 2019–2030
List of Tables
Table 1 South Africa Used Cars Market Size, By Value (USD Billion), 2019–2030
Table 2 South Africa Used Cars Market Size, By Vehicle Type, By Value, 2019–2030
Table 3 South Africa Used Cars Market Size, By Fuel Type, By Value, 2019–2030
Table 4 South Africa Used Cars Market Size, By Booking Type, By Value, 2019–2030
Table 5 South Africa Used Cars Market Size, By Vendor Type, By Value, 2019–2030
Table 6 Carmag Company Overview
Table 7 Carmag Financial Overview
Table 8 Autotrader Company Overview
Table 9 Autotrader Financial Overview
Table 10 Toyota Company Overview
Table 11 Toyota Financial Overview
Table 12 Volkswagen Company Overview
Table 13 Volkswagen Financial Overview
Table 14 Ford Company Overview
Table 15 Ford Financial Overview
Table 16 BMW Company Overview
Table 17 BMW Financial Overview
Table 18 Mercedes-Benz Company Overview
Table 19 Mercedes-Benz Financial Overview
Table 20 We buy cars Company Overview
Table 21 We buy cars Financial Overview
Table 22 Automart Company Overview
Table 23 Automart Financial Overview
Table 24 Carshop Company Overview
Table 25 Carshop Financial Overview

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