Weekly Market Update 19th October 2020

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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• 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 down this past week (-3.6%) with ex-Lease (-8%) and Repossessions (-4.8%) leading the decreases
• After 6 months of strong week-to-week increases, prices look to be softening
• Supply rebounded significantly (+18.1%) with a large influx of ex-Lease (+21.6%) and Repossessions (+44.7%)
• Clearance rates were up (+4%) with more stock available
• Prices for top 15 traded vehicles were mixed with the Toyota Hiace (+6.3%) seeing the largest increase and the Holden Commodore (-5.9%) seeing the largest decrease
• Stock still 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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