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 […]
Tag Archives: Recession
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 […]