Weekly Market Update 15th June 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.

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Market Snapshot

  • Prices continue strong rebound and have now recovered what was lost due to COVID-19
  • Prices for ex-lease vehicles (+5.9%) and repossessed vehicles (+7.1%) saw strong increases this past week
  • Clearance rates also increased, particularly for repossessed vehicles
  • Sales volume dropped from last week, reflecting market feedback regarding lack of supply
  • Sales volume for repossessions increased (+25.3%), although this was from a low base due to COVID-19
  • Prices for most vehicles saw an increase
  • Passenger vehicles, which are featuring less overall as volume sellers, saw the strongest overall increase
  • Feedback still coming through from market participants that there is a shortage of used car stock

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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