Read our monthly update on global car production, new car sales in key markets, export levels and imports into Australia. Global Car Production Manufacturers around the world are facing production bottle necks due to a shortage of semiconductors. Some forecasts expect a 10-20% fall in production from February Apple and Hyundai are engaging in a […]
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Will There Be More Car Sales in 2021?
As 2020 comes to a close, we review the effects of the Coronavirus pandemic on car sales, prices and supply while predicting what’s in store in 2021. Contents Background New Car Sales in 2020 Used Car Market in 2020 Effects of the Pandemic over time 2021 Outlook for Car Sales Background There’s no doubt that […]
Monthly Car Supply Update November 2020
Read our monthly update on VFACTS results, new car sales trends, imports and exports. New Car Sales November 2020 November 2020 saw a total figure of 95,205 new car sales for Australia as reported by VFACTS Figures show new car sales have increased by 12% in November 2020 versus November 2019 – the first increase […]
Monthly Car Supply Update October 2020
Read our monthly update on car supply movements into Australia. New Car Sales October 2020 October 2020 saw a total figure of 81,220 new car sales for Australia as reported by VFACTS Latest VFACTS figures show that new car sales have fallen by only 1% in October 2020 compared to October 2019 With COVID-19 cases […]
Monthly Car Supply Update September 2020
Read our monthly update on car supply movements into Australia. New Car Sales September 2020 September 2020 saw a total figure of 68,985 new car sales for Australia as reported by VFACTS Latest VFACTS figures show that new car sales have fallen by 22% in September 2020 compared to September 2019 The strong bounce back […]
Monthly Car Supply Update August 2020
Read our monthly update on car supply movements into Australia. New Car Sales August 2020 August 2020 saw a total figure of 60,986 new car sales for Australia as reported by VFACTS Latest VFACTS figures show that new car sales have fallen by 29% in August 2020 compared to August 2019 The strong bounce back […]
Monthly Car Supply Update July 2020
Read our monthly update on car supply movements into Australia. New Car Sales July 2020 July 2020 saw a total figure of 72,505 new car sales for Australia as reported by VFACTS Latest VFACTS figures show that new car sales have fallen by 13% in July 2020 compared to July 2019 The strong bounce back […]
Global Slowdown in Car Trade Fuels Stock Shortages
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 […]
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 […]
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 […]