Depending on how much you drive daily, using Uber could be more cost-effective than buying the cheapest car in South Africa in 2024—the Suzuki S-Presso.
In 2024, more than 70% of all the cars in South Africa now cost more than R500,000.
One key reason for this spike was the Covid-19 pandemic, which saw car factories around the world shut down and lay off workers when lockdown restrictions were enforced, and the demand for cars dropped.
After the easing of restrictions, consumer spending quickly rebounded, while production was slower to return to pre-Covid levels. This created a supply-and-demand problem, leading to inflation.
