n Personal Finance Newsletter - Affordability of cars laid bare : vehicles




Extracted from text ... VEHICLES Affordability of cars laid bare Are cars in South Africa really as expensive as they are claimed to be? By CHRIS NTHITE STAGNANT prices for three years, together with lower interest rates, have made cars more affordable - and propelled the motor industry to record sales of more than 600 000 units last year. Vehicle prices have dropped by 12% in real terms in the past 28 months. That, together with the 6.5 percentage points' reduction in the prime interest rate, helped to bring cars within reach of more consumers, according to Brand Pretorius, chairman of McCarthy Motor ..


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