Weekly Market Update 19th October 2020 - Datium Insights

Weekly Market Update 19th October 2020

Datium Insights Weekly Market Update

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 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

Weekly Prices Changes for Top Models

Weekly Clearance Rate Changes

Weekly Sales Volume Changes

Price Index COVID-19 versus GFC

Datium Insights Monthly Car Supply Update
Read our latest Supply Update

Prices People Pay Valuations

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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.

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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.

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