Are vehicles turning into dearer or is our Rand turning into weaker within the world financial local weather? We take the value of each entry-level Toyota Corolla over a 20-year pattern vary to find out a solution.
Inflation impacts each facet of our lives and an apparent avenue to see this in over time is how sharply the price of items rises. On the subject of the automotive commerce, only a few fashions have remained true to what they had been 20 years in the past, nameplates evolve from one section into one other to appease market curiosity or automakers put defunct ranges to pasture. One which has stood the check of time is the Toyota Corolla, which has been round for longer than many people have been alive.
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Utilizing our conclusive archive with automobile pricing courting again to our first subject in 1957, we have now sourced the pricing of probably the most reasonably priced mannequin of Toyota’s venerable sedan vary from January 2003 to January 2023, which supplies us a 20-year pattern to work with. Please be mindful, that is knowledge sourced to find out the correlation between inflation and the value of a single mannequin over this era and might not be an correct illustration of the South African automotive trade as a complete. View beneath:
- 2003 Toyota Corolla 140i PS – R103 175
- 2004 Toyota Corolla 140i PS – R109 222
- 2005 Toyota Corolla 140i PS – R109 323
- 2006 Toyota Corolla 140i – R114 123
- 2007 Toyota Corolla 140i – R115 250
- 2008 Toyota Corolla 1,6 Superior M-MT – R182 900
- 2009 Toyota Corolla 1,4 Skilled – R165 700
- 2010 Toyota Corolla 1,3 Influence – R173 800
- 2011 Toyota Corolla 1,3 Influence – R179 500
- 2012 Toyota Corolla 1,3 Influence – R184 000
- 2013 Toyota Corolla 1,3 Influence – R185 000
- 2014 Toyota Corolla 1,3 Influence – R194 600
- 2015 Toyota Corolla 1,3 Esteem – R221 300
- 2016 Toyota Corolla 1,3 Esteem – R231 700
- 2017 Toyota Corolla 1,3 Esteem – R258 200
- 2018 Toyota Corolla 1,3 Esteem – R265 200
- 2019 Toyota Corolla 1,3 Esteem – R274 600
- 2020 Toyota Corolla 1,3 Esteem – R288 800
- 2021 Toyota Corolla 1,8 XS – R387 800
- 2022 Toyota Corolla 1,8 XS – R409 600
- 2023 Toyota 1,8 XS CVT Hybrid – R543 900
In response to an inflation calculator, over this 20-year interval, South Africa has skilled a rise of 175% with a median annual improve of 5,5%. At first look, this doesn’t correlate with the extra drastic improve in pricing above and the reply isn’t as simple as anticipated.
Serving as Toyota’s sincere and interesting sedan providing throughout this time, the Corolla has developed and has now emerged as a extra premium mannequin providing hybrid expertise in its most reasonably priced trim degree. Between 2003 and 2023, the Corolla skilled a worth improve of 427% with the sharpest rise occurring through the Covid-19 pandemic when the entry-level 1,3 Esteem mannequin grew to become the 1,8 XS.
Whereas 2023 has served as the primary event in its historical past that an entry-level Corolla sedan has included hybrid expertise and breached half one million rand, all prior years are a greater indication of the rise of inflation in South Africa, with prices in 2022 being simply above R400 000. With the market choice evolving extra in favour of SUVs, Toyota’s Corolla nameplate is now additionally accessible because the Corolla hatchback and the Corolla Cross which is the preferred of its stablemates.
Associated: A Closer Look at the Corolla Cross GR-S HEV
Priced at R404 400 for its entry-level providing, the Corolla Cross has subjectively developed into what the Corolla sedan was over a decade in the past serving as Toyota’s reply to a spacious and sensible mobility answer. With this thought-about, the automotive trade nonetheless displays a steeper rise in inflation that means vehicles in South Africa are getting dearer.
With this in mind, browse over 26 000 new and used vehicles and find your next purchase with CARmag.
