Weekly Market Update 10th August 2020

Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates.

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• Monthly Truck & Equipment Update September 2024November 5, 2024
• Monthly Truck & Equipment Update August 2024October 4, 2024
• Monthly Truck & Equipment Update July 2024September 5, 2024
• Monthly Truck & Equipment Update June 2024August 6, 2024

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Market Snapshot

• Prices were up (+1.6%) once again this week
• Light Commercials (+2.7%) drove increases, followed by SUV’s (1.4%)
• Ex-Council (+4.7%) and repossessions (+4.7%) saw strong price increases
• Supply reversed last weeks increase (-17%)
• With stock levels low, volatility in supply has increased the past several weeks
• Clearance rates were slightly down (-2.5%)
• Prices for top 15 traded vehicles were largely positive with the Toyota Landcruiser Prado seeing the largest increase (+4.8%)
• As highlighted above, stock remains considerably low – see our latest reports on car supply and export/import activity

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By Tanim Ahmed, Head of Product at Datium Insights

Tanim is a Macquarie University alumni with degrees in Finance and Economics. He has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk.

Please contact Datium Insights for further analytical support and advisory services.

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