Weekly Market Update 17th August 2020

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 September 2024November 5, 2024
• Monthly Truck & Equipment Update August 2024October 4, 2024
• Monthly Truck & Equipment Update July 2024September 5, 2024
• Monthly Truck & Equipment Update June 2024August 6, 2024

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Market Snapshot

• Prices were up (+1.7%) once again this week
• SUV’s (+2.8%) and Passenger vehicles (+2.7%) drove increases
• Prices right now are stronger than they’ve ever been in the past decade
• Repossessions (+2.7%) and ex-leases (+1.6%) saw strong price increases
• Supply was up (+4.6%) but still remains incredibly volatile
• Clearance rates were also up (+3.4%)
• Prices for top 15 traded vehicles were largely positive with the Hyundai i30 (+3.3%) and Toyota Corolla (+2.4%) seeing the largest increase, whereas the Isuzu D-MAX saw the largest fall (-6.4%)
• As highlighted above, stock remains considerably low – see our latest reports on car supply and export/import activity

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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.

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