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The Surprising Place to Pick Up New Wheels in January

With increased pressure on households, acquiring a newer fuel-efficient car could save on petrol and maintenance costs—but is January a good time to buy? According to Clive Lazarus on Park Village auctions, it depends where you shop.

“New and used car prices are rising. The former because of increasing inflation and interest rates; the latter due to low stock as no one is buying new cars,” says Clive.

Despite soaring car prices everywhere else, Clive explains that auctions consistently offer lower than dealer rates as the assets stem from genuine bank repossessions. With this, Clive adds that most vehicles on the floor are later models, often even with services plans intact.

Buyers looking for an “economic run-around for work, varsity or leisure” can see what PVA has to offer in the following upcoming auctions.

PVA’s signature national vehicle auction via webcast on Wednesday, the 18th of January, at 10:30 am (reference 1145). This auction features repossessed vehicles from South Africa’s leading financial institutions. Viewing will be at locations in Johannesburg, Durban and Bloemfontein on Tuesday the 17th from 9 am to 3 pm.

ABSA Bank vehicle auction via webcast featuring assets from Gqeberha (PE) and Bloemfontein on Thursday, the 19th of January, at 10 am (reference 1143). Viewing will be held at the respective sites on the 17th and 18th from 9 am to 3 pm.

It is worth noting that finance is available for both auctions. More information can be found on PVA’s website at using the reference numbers.


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