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 August 2024
- Monthly Truck & Equipment Update July 2024
Market Snapshot
- Prices were flat the past week (+0.1%) with ex-lease vehicles (+1.6%) seeing the highest increase
- Supply was up again (+4.9%)
- Clearance rates were flat (-0.1%)
- Prices for the top 15 traded vehicles were mixed with the Hyundai i30 (+6.3%) seeing the largest increase
- With 2020 behind us, read our newest article on what 2021 might hold for car sales
- Stock still remains considerably low – see our latest reports on VFACTS new car sales and global car production, sales and exports
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 21st June 2021
Hi Tanim. Thank you for the excellent data! Interesting to reflect on whether this % increase in used car value in Australia could have been predicative in the recent used car % increase in the US? Also, is the data AUS-wide? It would be interesting to see a state-by-state comparison (given current prices in VIC are sky-high!). Thanks, Murray
Hi Murray,
Thanks for your feedback. The data is indeed Australia wide. We will be highlighting regional variances in a future article. In regards to the US, the Australian market generally has less to do with US developments and more to do with Europe and East Asia where we source most of the nations car fleet.
Thanks
Tanim