South African segment leaders Hilux and Fortuner have each won an award at the 2018 Gumtree Pre-owned Auto Awards.
The Hilux, boasting the best resell value when compared to its closest sales competitor, was category winner for Double Cab bakkies under R460,000. The Fortuner also came tops as the best SUV under R505,000. It’s also worth noting that both models are built at the Prospecton Plant in Durban.
The Gumtree awards seek to recognise and promote the best pre-owned models in the market across 11 categories, based on criteria a buyer may use when evaluating pre-owned cars as well as depreciation and sales figures provided by TransUnion.
The important criteria for buyers in this market are: resale value, quality, durability, overall performance and economy and especially outright value for money of various vehicles offered for sale in South Africa.
Only 2016 models with at least six months of depreciation data were considered for this year’s awards, as two-year old vehicles are the most popular models being considered by pre-owned buyers in 2018. Last year, the RAV4 clinched best SUV under R325 000.
“We were very pleased with the acceptance of the Gumtree pre-owned awards by the public last year and the latest results, which benefit from fine-tuning after last year’s inaugural event and therefore will be of great interest and benefit to buyers in the booming pre-owned market in South Africa,” commented Jeff Osborne, Head of Automotive at Gumtree.