7 sedans you can get for under R300,000 in South Africa

3 years ago 1

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Despite crossovers taking the lead as South Africa’s auto body shape of preference, sedans still offer an affordable and reliable option for drivers.

Recent data from Lightstone Auto revealed that crossovers are quickly becoming the most popular body type bought by people under the age of 35 in South Africa, reported TopAuto.

Lightstone pointed to crossovers seeing a huge jump in market share over the past decade while many other body types – including sedans – have experienced a decline.

South Africans also love their bakkies and small SUVs; however, these all come with a hefty price tag.

Sedans still offer affordability as well as plenty of space for a family or things in the boot.

With the average monthly salary of an employee in the formal non-agricultural sector being R24,578, this would best allow for a car priced at R300,000 or below – the price range of a handful of ‘bang-for-a-buck’ sedans.

This is based on a principle provided by Kutlwano Mogatusi at vehicle financing firm WesBank. Mogatusi said when you are considering purchasing a new car, you shouldn’t spend more than a quarter of your total income on car repayments.

The National Association of Automobile Manufacturers of South Africa (Naamsa) latest statistics for September 2022 have shown that people are still wanting to buy cars despite consistent rate hikes and inflation taking their toll.

Aggregate domestic new vehicle sales in September 2022 rose to 47,786 units, reflecting an increase of 4,639 units from the 43,147 vehicles sold in September 2021, said Naamsa.

In a recent BusinessTech survey, which had a total of 7,500 responses, people were asked if they had purchased a car this year. Of those, 4,928 said they had not and did not plan to, while 1,063 said they had not yet but were seeking to.

The graphic below provides examples of the different body types in some of the country’s most popular car brands: