The 2014 edition of the Auto Annual – South Africa’s authoritative report and assessment guide designed to offer readers’ insights into one of the country’s foremost economic drivers, the motor industry – will be unveiled on November 21 at the Montecasino Ballroom in Sandton.
Initiated by Future Group and in association with Standard Bank, the authoritative book will unpack insights into which cars in South Africa hold their values best and which cars depreciate the most. The easy-to-follow market guide set against showing consumers which models give them the best or the least value for reselling their cars, comprises of nearly 1 200 two-year-old vehicles.
While some cars depreciate faster than others, the motor trade considers a few factors and bases their criteria on the value of used cars to gauge the real worth of individual models, taking into consideration original specifications, list price, the vehicle’s age, mileage and general condition.
For the Auto Annual 2014, the list of 1 200 vehicles was monitored by Transunion to determine how much each entry had depreciated since they were sold new in 2011. Transunion guide gives an influential reflection of the value of the traded-in vehicle which has been reconditioned in for resale.
Highlights to look forward to are the Top 50 models that show the least depreciation – topped by Land Rover’s Range Rover Evoque, overall winner last year of the most number of votes in the People’s Wheels Awards, which commands 80-82% of its original purchase price two years after being driven off the showroom floor for the first time. Additionally, 50 vehicles that depreciate most will be listed in their various categories.
Sydney Soundy, Head of Vehicle and Asset Finance at Standard Bank, says: “There is nobody better at assessing the merits of vehicles than the people who drive them – or know people who drive them – and aspire to own some of these vehicles. The People’s Wheels Awards provides the opportunity for them to exercise their knowledge.”
Don’t forget to diarise the gala breakfast awards, when all will be revealed at the Standard Bank People’s Wheels Awards 2014.