Concern over vehicle prices

The prices of imported vehicles in South Africa are on average 18 percent higher than in European countries. Business Report cites a newly-released Competition Commission report as saying locally-produced vehicles also cost eight percent more. The report emanated from the commission's investigation into excessive pricing in the South African new vehicle market. The document, which has been submitted to the mid-term review of the motor industry development programme, or MIDP, found that vehicle affordability, a stated objective of the MIDP, had not been achieved.