ZAThe article discusses shifting car ownership trends in South Africa, highlighting that younger people under 35 are buying fewer cars due to economic challenges like stagnant incomes, high unemployment, and rising living costs. Research from Lightstone indicates that this age group now accounts for 31% of new light vehicle purchases in 2025, down from 37% in 2015. The trend is more pronounced in the used vehicle market, where their share dropped from 45% to 37%. Younger buyers still prefer used vehicles over new ones, especially those under 25, driven by affordability concerns. New vehicle sales peaked in 2015, fell during the pandemic, and have since slowly rebounded, with 2025 marking the strongest year since 2015. Petrol vehicles remain dominant among younger buyers, accounting for 80% of purchases, while electric vehicles make up less than 1%. Chinese brands like Haval, Chery, and BYD are gaining popularity among younger consumers.
Bias read (Center): The article presents data-driven observations about economic factors affecting car ownership trends without overtly favoring any political ideology. It reports on market shifts, demographic patterns, and brand preferences without taking a clear stance on policy solutions or ideological positions. As
