A big win for motorists with car loans, a new Chinese SUV, and the official petrol price for August

These were the five biggest stories in South Africa’s transport industry this week.

Big win for motorists with car loans in South Africa

The South African Reserve Bank has reduced the repo rate by 25 basis points, providing much-needed relief for motorists taking on car loans

The prime lending rate is now sitting at 10.50%, resulting in a small improvement in vehicle payments.

The National Automobile Dealers Association (NADA) applauded the Reserve Bank’s decision to cut interest rates, stating it would help to stimulate car sales.

Good news for BMW’s factory in South Africa

BMW South Africa has found a way to protect its business in the wake of the United States’ new tariffs on automotive exports.

The carmaker’s local division has managed to secure Canada as a new export market, ensuring it has a large foreign customer base for the X3 SUV built in Pretoria.

Canada previously received the X3 from the US, but trade relations between the two nations have soured, giving BMW SA a chance to enter a new market.

New Chinese SUV coming to South Africa – What to expect

Lepas has confirmed that the L6 SUV is on its way to South Africa.

Lepas is a new Chinese car brand under the Chery Holding Group, which is scheduled to appear in early 2026.

The L6 is one of three cars the company has lined up, alongside the L4 and the L8.

Official petrol price decreases for August announced

The latest fuel price adjustments came into effect on Wednesday, 6 August 2025.

Petrol users were treated to a small reduction of 28c per litre for both grades of fuel.

Unfortunately, diesel was hit with an increase of up to 65c per litre.

Toyota launches new store in South Africa

Toyota has launched a new e-commerce platform for customers in South Africa.

The online store, Shop Toyota, is targeted at Toyota owners and those who are fans of the brand.

It includes products from genuine parts to vehicle accessories, merchandise, apparel, and lifestyle items.