Combined Motor Holdings warns of steep depreciation on Chinese cars
Combined Motor Holdings (CMH) said in interim results for the six months to August 2026 that some owners of Chinese and other Asian brands are surprised by steep depreciation. Some motorists now owe banks more than their cars are worth at trade-in.
CMH said the affected cars are brands sold at competitive prices four to five years ago. The company said Chinese brands rose from 14.8% to 20% of national new-vehicle sales.
Motoring journalist Justus Visagie discussed the resale concerns on The Money Show with presenter Stephen Grootes. Visagie said many buyers now choose a cheaper Chinese brand regardless of resale value.
He also said many of the brands are new to consumers. In his words: "Many brands are new to consumers, so they don't know what to expect."
Key facts
- Who
- Combined Motor Holdings (motor retailer that issued the interim results warning); Justus Visagie (motoring journalist interviewed on The Money Show); Stephen Grootes (presenter of The Money Show who interviewed Visagie)
- What
- Combined Motor Holdings (CMH) warned in interim results for the six months to August 2026 that steep depreciation has surprised owners of some Chinese and other Asian brands sold at competitive prices four to five years ago. Chinese brands rose from 14.8% to 20% of national new-vehicle sales, according to CMH. Motoring journalist Justus Visagie discussed the resale concerns on The Money Show.
- When
- 26 October 2026
- Where
- South Africa
- Status
- Reported