Weekly Market Update 16th August 2021

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

After more insights? Contact us for access.

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• Weekly Market Update 16th December 2024December 16, 2024
• Weekly Market Update 9th December 2024December 9, 2024
• Weekly Market Update 2nd December 2024December 2, 2024
• Weekly Market Update 25th November 2024November 25, 2024

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Market Snapshot

• Prices bounced back the past week (+3.8%) with repossessed vehicles (+18.6%) seeing the largest increase
• With lockdowns across several regions of Australia, price volatility in the market has increased
• Supply was down (-1.6%), owing to lockdowns in Sydney and Melbourne
• Clearance rates were also down (-4.2%)
• Prices for the top 15 traded vehicles were mostly up with the Toyota Kluger (+8.4%) 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

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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.

Please contact Datium Insights for further analytical support and advisory services.

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.