Trouble for anyone who owns a Chinese car in South Africa

• South African motorists who bought Chinese vehicles a few years ago are facing steep depreciation when wanting to trade them in, which has left some owners owing banks more than their cars are worth.
• The rapid expansion of Chinese vehicle brands has created opportunities for buyers but also introduced uncertainty around resale values and the long-term winners in an increasingly crowded market.
• The pressure on resale values is also being compounded by competition from new vehicles, with demand for used vehicles having been negatively affected by buyers moving into cut-price new vehicle offerings.