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Here's which luxury cars SA's super-rich are buying

2018-04-20 14:47

Image: Wheels24 / Lance Branquinho

Cape Town - Earlier in April, Wheels24 released the top "dream cars" in South Africa based on Naamsa sales. The Africa Wealth Report by AfriAsia Bank, reveals the most desirable vehicles in South Africa.

Despite luxury car sales being down in 2017 compared to year-on-year sales in 2016, luxury SUV numbers are on a significant rise and are "especially popular with Africa's super-rich", says AfriaAsia Bank.

Who are the super rich? The report defines these individuals as those with wealth of $1-million (R12m) or more. "Wealth" is defined as the net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities.

READ: Ferrari, Bentley, Porsche... Demand for SA 'dream cars'

We've listed the most popular SUVs, brands, sports cars and even included the most sought after vintage vehicles, as listed by the report, later in this article.

According to the report, Porsche was the top-selling luxury brand and its Cayenne Turbo model also grabbed the title of most popular SUV among millionaires.

Read the full report here.

Popular SUVs -  List by Africa Wealth Report

1 Porsche Cayenne Turbo


2 Range Rover

Go on your next adventure with the Range Rover Sport #supercharged #Rockys

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3 BMW X6

4 Mercedes GLE Coupe

*Please note the list excludes semi-luxury brands such as Mercedes, Jaguar and Land Rover.

 

2016 Top-selling luxury brands, (ranked by revenue in Africa): List by Africa Wealth Report

Porsche

Ferrari

Bentley

Rolls Royce

Maserati

Aston Martin

Lamborghini

McLaren

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Read more on:    porsche  |  bentley  |  ferrari  |  south africa  |  luxury cars

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