Weekly Market Update 16th August 2021

Datium Insights Weekly Market Update

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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 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

Weekly Price Changes

Weekly Prices Changes for Top Models

Weekly Clearance Rate Changes

Weekly Sales Volume Changes

Price Index COVID-19 versus GFC

Datium Insights Monthly Truck and Equipment Update

Datium Insights Monthly Car Supply Update

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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.

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.

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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