The 2023Q4 Credit Stress Report by Eighty20/XDS highlights a decline in Vehicle and Asset Finance (VAF) uptake since 2019, particularly among the Middle Class, which accounts for roughly 30% of all VAF loans. Over the past two years, their loan balances have consistently decreased, with approximately 100,000 fewer individuals in this segment holding VAF loans during that period.

For more insights on the impact of economic forces on the South African consumer, download the latest Eighty20 Credit Stress Report