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 February 2024
- Monthly Truck & Equipment Update January 2024
- Monthly Truck & Equipment Update December 2023
- Monthly Truck & Equipment Update November 2023
Market Snapshot
- Prices were relatively flat the past week (+0.7%)
- After 6 months of strong week-to-week increases, prices look to be softening
- Passenger vehicles drove most of the increases (+4.1%)
- Prices for repossessed vehicles were down (-5.3%), however ex-leases performed well (+7.1%)
- Supply was down (-5.1%) the past week
- Clearance rates were flat (+0.1%) and look to have reached a ceiling
- Prices for top 15 traded vehicles were largely negative with most vehicles seeing small declines
- Holden Colorado (+7%) and Toyota Rav4 (+4.2%) drove increases
- 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.
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Weekly Market Update 19th October 2020
