Creamer Media’s Engineering News Online
Advanced Search
 
 
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
GOLD 1568.25 $/ozChange: -23.56
PLATINUM 1445.50 $/ozChange: -14.00
R/$ exchange 8.33Change: 0.00
R/€ exchange 10.57Change: 0.07
 
VEHICLE PRICES
Car prices to jump another 2% to 6% this year – Ford SA VP
 
2nd February 2010
TEXT SIZE
Text Smaller Disabled Text Bigger
 

South African consumers paid on average 24% more for cars by the end of 2009 than they did at the beginning of 2008, said Ford Motor Company of Southern Africa marketing, sales and service vice-president Jacques Brent.

Speaking in Johannesburg, he said FMCSA estimated prices to increase by another 2% to 6% this year, although this might “be currency dependent”.

Should the rand move significantly against the dollar, Euro and yen, prices could shift more as a large portion of cars and parts were imported into South Africa.

Brent did not expect government's proposed carbon tax on vehicles to have a significant impact on car prices.

“There is not much clarity on this carbon dioxide tax yet, but the impact should not be astronomical. It will maybe add another 1% to prices.”

The proposed tax would impact cars heavy on fuel – and therefore emitting more carbon dioxide – the most.

Edited by: Creamer Media Reporter

To subscribe to Engineering News's print magazine email subscriptions@creamermedia.co.za or buy now.

FULL Access to Mining Weekly and Engineering News - Subscribe Now!
Subscribe Now Login
 
 
Topics in this article