International trade in cars has reduced dramatically due to the Coronavirus Pandemic. Car Imports into Australia are down $3 billion in total compared to 2019. Global Car Export Slowdown The countries with the largest car manufacturing industries are experiencing significant falls in car exports due to the fallout from the Coronavirus Pandemic. Government data from […]
All posts by Tanim Ahmed
Weekly Market Update 13th July 2020
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. Market Snapshot Prices were once again relatively flat this past week (+0.8%) Prices for ex-Government (+3.6%) and ex-Fleet cars (+1.3%) led the way in price increases Supply saw a significant fall this week (-20.4%) […]
Weekly Market Update 6th July 2020
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. Market Snapshot Prices were relatively flat this past week (+0.6%) Prices for ex-corporations (+3.8%) and repossessed cars (+3.1%) led the way in price increases Supply also flat (-0.1%) with ex-corporations (+75.9%) increasing significantly albeit […]
Weekly Market Update 29th June 2020
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. Market Snapshot Prices saw another jump this past week (+2.1%) with light commercial vehicles seeing the strongest gain (+3.8%) Prices for repossessed vehicles (+5.7%) and ex-Government fleets (+5.5) led the price increase Supply lessened […]
Weekly Market Update 22nd June 2020
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. Market Snapshot Prices continue to increase with a 1% gain overall this week A major change this week was an increase in supply (+17.9%), after several months of below average volume Councils continue to […]
Australian Used Car Prices Bounce Back Despite COVID-19: New Datium Insights-Moody’s Analytics Index
A new index launched by Moody’s Analytics in collaboration with Datium Insights reveals that Australian wholesale used-vehicle prices increased by 10.6% from April to May of this year. This follows a price contraction of 14% over March and April, which means prices are almost back to pre-pandemic levels and are on par with May 2019. “The used-vehicle market benefits from a […]
Weekly Market Update 15th June 2020
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. Latest Articles Market Snapshot Prices continue strong rebound and have now recovered what was lost due to COVID-19 Prices for ex-lease vehicles (+5.9%) and repossessed vehicles (+7.1%) saw strong increases this past week Clearance […]
Weekly Market Update 8th June 2020
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. Latest Articles Market Snapshot Prices continue strong rebound Sales of ex-Council vehicles nearly doubled while prices and clearance rates increased greatly as well COVID-19 price tracker shows prices have now returned to where they […]
COVID-19 and Used Car Prices
The Coronavirus Pandemic has dramatically changed the business environment around the world. Banks, finance companies, car manufacturers and fleet management organisations with significant exposure to auto loans and leases are readjusting their forecasts for used car prices. In aid of this, the following report highlights our observed history of used car prices and how COVID-19 […]
Are Used Car Prices Dropping?
While the Coronavirus pandemic continues, the Automotive Industry will face an extended period of disruption as consumer behaviors drastically change. Following our previous article, ‘What the Coronavirus means for car sales’, Datium Insights takes a deeper look at whether used car prices are falling and what might drive their behavior going forward. Latest Articles Contents: […]