Chinese carmakers jump to 40% of South African vehicle finance

Chinese carmakers have surged from a negligible presence to nearly 40% of South Africa’s financed new-vehicle market within a decade.

Data show Chinese brands accounted for just 0.01% of vehicle finance in 2016, a figure that has since transformed dramatically.

By July 2026, roughly two in every five financed new cars in South Africa carried a Chinese badge, according to figures cited by Reuters.

Manufacturers including Changan, BAIC, Dongfeng and Chery unveiled a fresh wave of electric vehicles, hybrids and pickups at the country’s largest motor show.

Lower prices, paired with generous standard equipment, have made these models attractive amid high interest rates and squeezed household budgets.

Chery has taken over Nissan’s former Rosslyn plant, aiming to start local production by 2027.

Analysts caution that resale values, insurance costs and parts availability will determine whether Chinese brands can sustain this remarkable momentum.

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