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.
- Monthly Truck & Equipment Update May 2024
- Monthly Truck & Equipment Update April 2024
- Monthly Truck & Equipment Update March 2024
- Monthly Truck & Equipment Update February 2024
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
![Weekly Price Changes](https://datiuminsights.com.au/wp-content/uploads/2020/10/Price_Weekly_Changes_20201015-1024x615.png)
![Weekly Prices Changes for Top Models](https://datiuminsights.com.au/wp-content/uploads/2020/10/PriceModels_Weekly_Changes_20201015.png)
![Weekly Clearance Rate Changes](https://datiuminsights.com.au/wp-content/uploads/2020/10/CR_Weekly_Changes_20201015-1024x615.png)
![Weekly Sales Volume Changes](https://datiuminsights.com.au/wp-content/uploads/2020/10/SV_Weekly_Changes_20201015-1024x615.png)
![Price Index COVID-19 versus GFC](https://datiuminsights.com.au/wp-content/uploads/2020/10/Price_Weekly_COVID_20201015-1024x615.png)
![Datium Insights Monthly Car Supply Update](https://datiuminsights.com.au/wp-content/uploads/2020/10/DIMonthlySupplyUpdate_20201006-1024x649.png)
![Prices People Pay Valuations](https://datiuminsights.com.au/wp-content/uploads/2020/10/PPP-Valuation-Report-Ad-1024x283.png)
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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