Weekly Market Update 13th July 2020

Datium Insights Weekly Market Update

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



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

Weekly Price Changes

Weekly Prices Changes for Top Models

Weekly Clearance Rate Changes

Weekly Sales Volume Changes

Price Index COVID-19 versus GFC

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Tanim Ahmed

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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Disclaimer: This is a general information service only and we do not provide advice or take into account your personal circumstances, financial situation or needs. Please seek professional advice with regards to how any of the material on this website can impact your own financial situation. Datium Insights is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.

Published by Tanim Ahmed

Tanim leads the development of our product suite, working with top-notch developers to deliver the best products for our customers. In addition, he also oversees sales and marketing activities, spending time with customers across the country. Tanim has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk. Prior to Datium Insights, he worked in various risk and product roles with the likes of General Electric, Custom Fleet and Westpac. He has degrees in Finance and Economics from Macquarie University.

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