Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates.
- Monthly Truck & Equipment Update February 2024
- Monthly Truck & Equipment Update January 2024
- Monthly Truck & Equipment Update December 2023
- Monthly Truck & Equipment Update November 2023
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
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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Weekly Market Update 17th August 2020
