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 […]
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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 […]
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: […]
What the Coronavirus means for car sales
The spread of Coronavirus and turmoil in the stock markets is further putting pressure on the automotive industry. Here at Datium Insights we look into some of the likely ramifications on car sales for the near future. Latest Articles Background With cases rising here in Australia and around the world, the impact of the COVID-19 […]
Weekly Market Update 13th September 2021
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. After more insights? Contact us for access. Market Snapshot Prices were down (-1.1%) with repossessed vehicles (-28.3%) seeing the largest decrease With lockdowns across several regions of Australia, price volatility in the market has […]
Weekly Market Update 6th September 2021
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. After more insights? Contact us for access. Market Snapshot Prices were down (-1.8%) with repossessed vehicles (-6.6%) seeing the largest decrease With lockdowns across several regions of Australia, price volatility in the market has […]
Weekly Market Update 30th August 2021
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. After more insights? Contact us for access. Market Snapshot Prices were up (+4.4%) with repossessed vehicles (+21.4%) seeing the largest increase With lockdowns across several regions of Australia, price volatility in the market has […]
Weekly Market Update 23rd August 2021
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. After more insights? Contact us for access. Market Snapshot Prices were down (-3.9%) with repossessed vehicles (-9.0%) seeing the largest decrease With lockdowns across several regions of Australia, price volatility in the market has […]
Weekly Market Update 16th August 2021
Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates. After more insights? Contact us for access. Market Snapshot Prices bounced back the past week (+3.8%) with repossessed vehicles (+18.6%) seeing the largest increase With lockdowns across several regions of Australia, price volatility in […]