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 July 2023
- Monthly Truck & Equipment Update June 2023
- Monthly Truck & Equipment Update May 2023
- Monthly Truck & Equipment Update April 2023
- 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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