Weekly Market Update 13th July 2020

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 October 2024December 2, 2024
• Monthly Truck & Equipment Update September 2024November 5, 2024
• Monthly Truck & Equipment Update August 2024October 4, 2024
• Monthly Truck & Equipment Update July 2024September 5, 2024

Market Snapshot

• Prices were once again relatively flat this past week (+0.8%)
• Prices for ex-Government (+3.6%) and ex-Fleet cars (+1.3%) led the way in price increases
• Supply saw a significant fall this week (-20.4%) as stock shortages in the market dragged transaction volume
• Ex Government (-8.1%) and Ex-fleet (-7.6%) vehicles saw the largest reductions to supply, which may have helped strong price results
• Clearance rates also saw a significant reduction (-5.7%) but still remain at historically high levels
• Prices for top 15 traded vehicles were mixed again with the Isuzu D-MAX having the strongest increase (+4.7%) after a lackluster showing last week
• Holden Commodore’s (+3.2%) and Hyundai i30’s (+2.5%) also saw increases, while the Toyota Hiace (-4%) and Holden Colorado (-3.7%) led the declines
• Feedback from market participants indicates an easing of market conditions following the end of the Financial Year
• Stock shortages remain the largest concern, particularly with new car imports at historical lows

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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