•  
    Results 1 to 4 of 4

    Thread: GM exits South Africa

    1. #1
      Should I keep it?
      Join Date
      May 2015
      Location
      Cape Town, South Africa
      Posts
      40
      Thanks
      2
      Thanked 7 Times in 6 Posts

      GM exits South Africa

      This is very unfortunate, but our economy is so broken. I don't blame them.

      https://www.gmsouthafrica.co.za/#q99-media-centre

      My 2009 Aveo just lost a lot of resale value. Sad times


      Chevrolet Aveo 1.6 auto LS Sedan 2009 - Right hand side drivers - SOUTH AFRICA...

    2. #2
      Administrator MetroMPG's Avatar
      Join Date
      Jan 2007
      Location
      1000 Islands, Ontario, Canada
      Posts
      4,062
      Thanks
      259
      Thanked 117 Times in 99 Posts
      I read that as well. Not just South Africa, but also India.

      http://abcnews.go.com/Business/wireS...frica-47484200

      Plus they withdrew from Venezuela recently (basket case political/economic climate) and Russia a few years ago.

      I'm not sure it'll affect your resale value too much.

      I've owned a couple of "orphan" brands, and when they're that age they've already done the worst of their depreciation.

    3. #3
      Should I keep it?
      Join Date
      Apr 2016
      Location
      South Africa
      Posts
      33
      Thanks
      3
      Thanked 0 Times in 0 Posts
      I'm finding the current prices for Aveos to be quite variable, there's not much consistency between mileage/age and trim as you look at different dealerships (I had a quick check of current prices around the Western Cape on the day the news of GM leaving broke). I saw a 2012 1.6LS with 45K km on the clock, same as my car, going for R115k, which is more than I bought mine when it had 23K km. The other options were also priced strangely, they don't seem to have "settled" in value but generally hover around R100k.

    4. #4
      What do you mean there's no turbo? gclark8's Avatar
      Join Date
      Jun 2011
      Location
      Perth Australia
      Posts
      262
      Thanks
      7
      Thanked 30 Times in 28 Posts
      I found today the end of the Barina/Aveo in Aus: https://www.aveoforum.com/forum/f80/...stralia-23445/





    Similar Threads

    1. Car washes in South Africa
      By dare2ride in forum Africa
      Replies: 10
      Last Post: 05-05-2015, 09:08 AM
    2. The first topic of South Africa!
      By dare2ride in forum Africa
      Replies: 2
      Last Post: 10-03-2011, 05:56 PM
    3. AVEO in South Africa
      By ebee in forum Introductions
      Replies: 12
      Last Post: 12-01-2010, 07:07 PM
    4. My Black Aveo from South Africa
      By Aveo.wp in forum Photographs and Videos
      Replies: 9
      Last Post: 10-29-2010, 05:52 PM
    5. New here - from South Africa
      By 2l 16valve in forum Introductions
      Replies: 7
      Last Post: 04-11-2010, 11:24 AM

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •