Navigating the 2025 Used Car Market
Navigating the 2025 Used Car Market: Insights from South Africa’s first artificial intelligence car pricing expert
The used car market has experienced dramatic changes over the past few years, creating both challenges and opportunities for sellers. For those looking to sell a quality car, understanding the current market dynamics is key. Here’s what you need to know and why now is a strategic time to consider selling your car.
A Market in Transition
For many people, their car represents one of their most significant assets. Staying informed about market trends can help maximize its value when it’s time to sell.
The Challenges of 2023
“By 2023, the market began to correct itself. New car supply recovered, but rising interest rates, high fuel prices, and economic instability created new hurdles. Dealers were left with high-priced stock, and consumers were hesitant to buy, particularly in the luxury segment. Affordable cars remained in demand, but the overall market faced significant pressure.” says an Acquisitions Manager from an online motoring commerce site.
Looking Ahead
As we move into 2025, stability is returning. Interest rates decreased towards the end of 2024, and consumers are adapting to higher costs.
If you’re considering selling or trading in your car, this is the time to act.
*Information provided by the publicist
