TransUnion VPI shows further increase in South African vehicle prices, decline in new vehicle sales
26 January 2017
The percentage at which new and used vehicle prices increased more than doubled to close 2016 compared to the same period in 2015, according to the latest TransUnion SA Vehicle Pricing Index (VPI). The Q4 2016 VPI found that the rate of new and used vehicle pricing increased to 9.4% and 3.3% in Q4 2016 from 4.6% and 1.6% in Q4 2015 respectively, suggesting that the trend for purchasing used vehicles is still on the rise.