Tasleem Gierdien3 July 2025 | 7:30
Chinese car affordability drives increased competition in South Africa
In 2019, 11,000 Chinese cars were imported to South Africa. Now, we’re bring in about 50,000 to 60,000 per year.
Picture: © pramotephotostock/123rf.com
Mike Wills, standing in for CapeTalk's John Maytham, speaks to Faan van der Walt, CEO of WeBuyCars.
Listen below:
"It's interesting to see what's happening in the South African car market. The Chinese brands are making inroads, and it creates increased competition in the market, putting the legacy manufacturers under pressure, making them step up their game."
- Faan van der Walt, CEO - WeBuyCars
"Over the last five years, things have changed. In 2019, only 11,000 were imported to South Africa, now, it's somewhere between 50,000 and 60,000... There's no stopping it... They are highly competitive in our market."
- Faan van der Walt, CEO - WeBuyCars
"Initially, these cars were met with scepticism. The brands were seen as inferior quality, there were concerns about reliability and the long-term value of these cars, but now that's a thing of the past. They've proven their worth. The quality is up there, and they compete and make a good case when someone's looking to buy a vehicle."
- Faan van der Walt, CEO - WeBuyCars
Van der Walt also explains that new Chinese car brands 'hold reasonable value' because they are 'affordable' while used vehicle sales 'remain steady' at WeBuyCars.
"They're so cheap when they are new, they don't depreciate much because it's such good value for money... It's not different to the depreciation of more expensive and well-known brands... There are so many affordable vehicles coming to the market."
- Faan van der Walt, CEO - WeBuyCars
Scroll up to the audio player to listen to the full conversation.