Absa analysis shows SUVs lift share of South Africa vehicle finance applications to 68% in Q2 2026

• Absa analysis of 2.56 million vehicle finance applications (Jan 2023–Jun 2026) flags a structural shift toward SUVs in South Africa.
• SUV share of the SUV, bakkie, body-on-frame SUV market rose to 67.6% in Q2 2026 from 60.2% in Q2 2023.
• SUV application values stayed flat at about R 353,000; bakkies climbed to about R 448,000 from about R 375,000.
• Chinese brands lifted SUV application share to 40% in 2026 from 19% in 2023, intensifying price competition.
• Bakkies fell to 28.9% from 36.3%; double cabs rose to 65% of bakkie applications, while half-tons slid to about 7%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Absa Group Limited published the original content used to generate this news brief on September 17, 2026, and is solely responsible for the information contained therein.