Driving ambition: The cars that wealthy South Africans choose to own

CFO South Africa 02 August 2019

Wealthy South Africans favour luxury SUVs, according to the 2019 South Africa Wealth Report.

As part of their 2019 South Africa Wealth Report, AfrAsia Bank and New World Wealth reviewed the local luxury car industry in South Africa.

The report showed that luxury SUVs are the only car segment in South Africa that has seen any growth over the past few years, as sales of most other car types have declined.

The reasons listed for their rising popularity were:

High road clearance
Safety aspects
Space for children
Useful for holidays

The report also listed the most popular SUVs for wealthy South Africans, ranked by price:

Rolls Royce Cullinan
Bentley Bentayga
Lamborghini Urus
Range Rover Autobiography
Porsche Cayenne Turbo
Mercedes GLE
BMW X6
Range Rover Velar
Volvo XC90
Jaguar F-Pace

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