Friday 24 May – DAILY NEWS SUMMARY
Pretoria News (www.pretorianews.co.za) Page 1 – City budget: you’ll pay higher rates
Page 7 – US upset over SA’s sending Chang to Mozambique Page 13 – Escalating trade war impacting on SA
Page 13 – Kganyago forecasts a meagre 1% of growth for 2019 The Star (www.iol.co.za)
Page 1 – All set for Ramaphosa’s big day Page 6 – Ramaphosa starts his journey (Road closure: Friday 3pm –Saturday 10pm) Page 11 – M2 bridges ‘on schedule’
Business Day (www.businesslive.co.za) Page 20 – IMF warns of threat to growth Citizen (www.citizen.co.za)
Page 4 – Ngobeni:Joburg poor to feel pain Page 8 – Coca-Cola (un)sweetens deal Mail & Guardian (www.mg.co.za)
Page 3 – Politics at play over deputy prez Page 14 – Cyril wants SA’s schools up to code Page 27 – New shots fired in banking wars News24 (www.news24.co.za)
Japan vs Korea: Which country’s cars have better resale value at auctions is SA?
KIA hints at interior design of all-new compact SUV
Japan vs Korea: Which country’s cars have better resale value at auctions in SA?
2019-05-23 11:00
Image: Motorpress
Korean cars are growing in terms of stature, quality and appeal. However South African motorists still prefer Japanese vehicles.
This much has emerged after analysing the resale values of Korean versus Japanese cars, reports True Price.
Darryl Jacobson, managing director of True Price, explains that the company undertook an extensive analysis of all Japanese and Korean cars on its system (bakkies and commercial vehicles were excluded, in fairness to the Korean contenders).
Jacobson said: "We analysed all the vehicles in four odometer categories: 0 to 50 000 km completed, 50 000 to 100 000 km completed, 100 000 to 200 000 km completed and over 200 000 km completed. In three categories, the Japanese vehicles came up trumps."
In the 0 to 50 000 km, Japanese cars achieve 70.3% of their original list price when sold on auction. Korean vehicles, on the other hand, achieve 68.9%. In the 50 000 to 100 000 km category, Japanese vehicles achieve 60.0% while the Korean cars get 59.3%.
In the 100 000 to 200 000 km category (the only sector in which the Koreans triumph), Japanese vehicles notch up 49.2% – compared to the Koreans at 49.3%. In the over 200 000 km category, the Japanese record 43.2% while the Koreans achieve 38.8%.
Jacobson says that more mature buyers are probably giving the Japanese cars the edge when it comes to resale values.
He said: "The Koreans have actually been producing cars since 1955. The very first Korean car – the Sibal – was produced back then. It was based on the Willys Jeep and it was mostly used as a taxi. Brands such as Hyundai commenced production in Korea back in 1967.
However, it was only in April 2000 that the company entered the South African market. On the other hand, Toyota started producing vehicles in South Africa back in June 1962. It follows, therefore, that older buyers are more comfortable with Japanese products – because they have known them and have been driving them for many decades."
The history lesson aside, what does the slightly better resale value of the Japanese brands mean to motorists? Jacobson says that there are some clear messages to emerge from this study.
"Right now, if you’re undecided as to whether to purchase a new Japanese or a Korean vehicle, the safer bet (when considering resale values) would be a Japanese product.
Chances are good that the vehicle won’t depreciate as much as the equivalent Korean product," he advises.
On the other hand, a Korean vehicle will probably represent slightly better value for money if you’re in the market for a used car. "This is because it will have depreciated more than its Japanese counterpart," explains Jacobson.
True Price says it will repeat this exercise in a few years.
Jacobson concludes: "It will be fascinating to see if the trends change. I think that they will.
Customer confidence in Korean brands is rising. Had we done this exercise 10 years ago, the Koreans would not have come close to recording these resale figures (which are now very commendable). I have no doubt that their resale values will further improve. Who knows?
Maybe in two or three years’ time, the Koreans will be king? It’s going to be very interesting to see!” Jacobson concludes.
KIA hints at interior design of all-new compact SUV
2019-05-24 08:59 SHARE:
Image: TheNewsMarket
KIA has revealed an interior sketch of the cabin of its all-new small SUV. Due to be revealed later in 2019, the new small SUV’s interior makes a bold design statement and has a focus on
maximum ease of use.
Trimmed in high-quality materials throughout, the expansive shapes and technical forms of the cabin create a youthful and luxurious vibe.
With chic design details, such as metallic highlights in the air vents and a broad, sweeping dashboard, the cabin also maintains a focus on technology, creating a modern ambience to appeal to young-at-heart, tech-savvy buyers.
Image: Motorpress
The grab-bar on the passenger side of the centre console adds a sporty feel.
The dashboard centres on a new 10.25" touchscreen navigation system providing seamless access to a range of features. The tactile, user-friendly centre console beneath allows certain features – such as ventilation and aircon – to be adjusted easily and safely on-the-move.
KIA’s Sound Mood Lighting technology can alter the cabin’s ambient lighting to suit occupants’
preferences.
Image: Motorpress
Byung Chul Juh, Head of KIA Styling at KIA Motors Corporation, comments: "We have focused on designing a cabin unlike any other in the small SUV segment, with a greater sense of depth and richness to the design.
"Our newest model will offer greater pleasure and satisfaction to our customers, with a premium- quality interior that benefits from sophisticated design details."
By adding a new global small SUV to its line-up, KIA Motors is extending its range of SUVs to fulfils the needs of customers in every region, with the new model possessing the space and capabilities of a traditional SUV in a compact package.
Image: TheNewsMarket
KIA’s first global small SUV will go on-sale in Korea in the second half of 2019, with sales in other regions to follow soon after.
