By: Natasha Archary

The average new car prices in South Africa now stand at R396 000, up from R386 000 in 2022.
Lee Naik, CEO of TransUnion Africa joins Gugulethu Mfuphi on Kaya Biz to discuss how the macroeconomic climate remains incredibly challenging for consumers and continues to affect buying power and spending habits.
“Can South Africans afford new cars?”
With the cost of living crisis gripping the world, South African are also finding it difficult to keep their heads above water and stay financially afloat.
While the repo rate remains unchanged at 8.25%, the prediction is that the new car sales market may take a knock unless dealerships offer a steep marked down offer to consumers.
In 2022, the cars listed below were all considered fairly affordable brand new models which offered necessary safety features to make these the best entry-level vehicles on the market.
Top entry-level vehicle models in 2022
- Toyota Agya – R192 300,00
- Kia Picanto – R198 995,00
- Hyundai Grand i10 – R164 900,00
- Suzuki Swift – R189 900,00
- Peugeot 108 – R164 900,00
Each vehicle came with the ABS (Anti-lock Braking System), EBD (Electronic Brake force Distribution), and sufficient airbags for the front and rear passengers.
Some of these vehicles are no longer available in South Africa and the 2024 updated list in comparison to the 2022 picks are as follows:
Top entry-level vehicle models in 2024
- Toyota Vitz – R219 000
- Kia Picanto – R260 000
- Hyundai Grand i10 – R239 500
- Suzuki Swift – R213 900
- Peugot 208 – R344 900
Listen to the conversation on Kaya Biz:
Also read: Societal pressures to reach milestones by a certain age



