Car buyers in South Africa may soon be facing another wave of price hikes, according to a recent article from TopAuto (Read here). With the potential closure of South Africa’s only producer of specialty automotive steel, production costs for new vehicles could rise by up to 25%, leading to higher prices on both new and used cars.
But here’s the good news for smart buyers: bank, fleet, and commercial auctions remain one of the last places to get vehicles at market-driven prices!
Why Buy at Auction?
✅ No dealer markups – Vehicles sell to the highest confirmed bidder, not at inflated prices. ✅ Genuine bank vehicles – Auctions feature repossessed cars, fleet reductions, and commercial sales from reputable sources. ✅ Market-driven pricing – Unlike dealerships, auction prices are determined by demand, often well below retail value. ✅ Finance Available! – With Auction Finance, you don’t need to pay cash upfront. Get pre-approved and bid with confidence!
Rising Prices? Beat the Market at Auction
During the COVID-19 pandemic, we saw what happens when supply chains get disrupted: used cars skyrocketed in price, with some second-hand vehicles selling 61% above their original price. If production slows down again, history could repeat itself.
Instead of paying more at dealerships, why not take advantage of bank auctions where vehicles are sold without unnecessary markups?
🚗 Ready to Buy Smarter? 🔹 Apply for auction finance now 👉 www.auctionfinance.co.za 🔹 Stay Updated on Daily Auctions 👉 Follow us on Facebook
Don't let price hikes price you out of the market. Secure your next car at a genuine bank, fleet, or commercial auction – with finance from Auction Finance!
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