Growth in demand for Chinese vehicles
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- Опубліковано 16 вер 2024
- Growth in demand for Chinese vehicles has been growing rapidly in the South African market.
It's growing so much that Standard Bank has reported that in 2024, 36% of the bank's vehicle financing for used cars had gone to Chinese brands - an increase of about 20% from 2022.
So what's driving this demand and how consequential is it for the local car manufacturing sector?
I'm joined by Mothusi Dire, Head of Dealers Sales and Marketing, Non-Metro at Standard Bank South Africa.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
No body wants to pay more for just a name anymore. Western cars are billing consumers for the brand name... It's like having to support Kaizer chiefs based on who they are historically
Don't put kaizer chiefs on this 😅😅
@@jeanmugisha4175 😂🤣😂🥲😁😄😃😀👻
A Toyota from 1980s in mint condition is worth more today included for inflation thus could be seen as an investment. Almost no other car can claim the same. Toyota bakkies do regularly over 500K kms. Etc. I'd honestly rather buy Japanese second hand before I buy this brand new
Last thing, I don't see ANY of the Taxi bosses changing from Toyota😅
BYD plant is coming to South Africa next year
Wow, this would be GREAT! 🇿🇦🇿🇦🇿🇦
Chinese cars are full house nothing optional 🎉🎉
This Chinese car brand growth will come at the cost of manufacturing jobs in SA because none of those are made in SA.
Not really, they are setting up in PE like VW. In the SEZs
BYD plant in EC has been in the works for years now but it stopped due to COVID if I'm not mistaken. Will even be cheaper than your telsa but same quality
@SundayRooster that will only change when production starts, but for now, that will be the case. I would like every brand to have a plant here, though not possible. There is nothing to celebrate until the open a manufacturing plant, not just an assembly line like they usually do.
Are you really stupid enough to believe that SA don't export the vehicles manufactured in SA ????
not entirely so, what if i tell you the same bmw made in SA and China respectively there is over 30% price gap and chinese labour cost in auto industry are higher than SA. then you know that due to lack of competition, SA cars are so much over priced. @@MKL_D
Buy it....But don't compare it !!!!
We love chinese vehicles, reliable and affordable, we already have tax burden.
The western cars can be consumed somewhere, we careless to none.
We know better now, i am a technician , when i get a chance to work on hardware components, i always look at the manufacture of the parts embedded, i must say we have been ripped off for years.
Westerners are corn artists, we only buy the brand and the casings, components come and are manufactured from china( i stand to be challenged), so what quality are they talking about, because iphone board is also manufactured in china.
Some of Merce... cars use renault engines(Please do your thorough research before challenging my statements).
We can't be told as to who we must buy from, our money our rules.
Made in sa are expensive
Chinese cars are value for money... And come in at the right time to disrupt the European and western monopoly
It's purely affordability/perceived value. It has nothing to do with microchips. This guy is clutching on straws now. 😮we never had those colours?hyundai, volvo, Peugeot had all those colours😂😂.
Can a Haval or Cherry be on the road for 25 as Mazda or Toyota easily achieve that ?
Haval H1uses the Toyota 1,5 lt engine and the Haval H2 uses a Mitsubishi engine. The BAIC X 55 uses a Mercedes engine and gearbox. Why ??? Because Toyota, Mitsubishi' and Mercedes have already spent the capital to develop those engines and they benefit as well because they now have longer production runs of those engines and that means a lower cost per unit the more they make.
yes
Exporting deflation to markets that cannot tax imports due to the debt trap.
Chinese cars don't last long, they are electric and as years goes it depreciation is fast and replacing a battery is basically buying a new car.
@@letohpapu4319 some offer >5year warranty plans. Free. They trust these cars
Chinese cars are value for money to be honest🎉🎉🎉
Don’t need a micro chip to manufacture a vehicle they don’t need to add the tracking and all their digital nonsense by leaving the chip out then they could’ve had decent cars. Not EV .
No the chips are for the manufacturering machines not the vehicles... Remember it's automated machinery
Chinese cars are just better.. and cheaper
@riccij7754 I disagree on better. They are just cheaper.
Better ???😂😂😂
I'm specifically talking about Chinese EVs. They're objectively better and there is far more choice.
@riccij7754 yes, very true. The problem with legacy manufacturers is that they are trying to repurpose their old platforms, which doesn't work, but their suspension tuning is still excellent.
Where be your men?