Weekly Market Update 20th July 2020

Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates.

• Monthly Truck & Equipment Update May 2024July 2, 2024
• Monthly Truck & Equipment Update April 2024June 4, 2024
• Monthly Truck & Equipment Update March 2024May 10, 2024
• Monthly Truck & Equipment Update February 2024April 2, 2024

Market Snapshot

• Prices were once again flat this past week (+0.6%)
• Prices have increased (+8%) this year, despite April’s historic fall
• Prices for Council (+6.2%) and Corporation cars (+4.1%) led the way in price increases
• Supply reversed last week’s falls to increase (+30.4%) back to normal levels
• Repossessed (+44%) and Ex-fleet (+45.1%) vehicles saw the largest increase to supply
• Clearance rates also reversed last week’s reduction (+7.9%) and continue to hit historic highs
• Prices for top 15 traded vehicles were largely positive with the Ford Ranger having the strongest increase (+2%)
• Isuzu D-MAX’s (+3.2%) and Toyota Camry’s (+2.5%) led the declines
• Stock remains low – see our latest report on export/import activity

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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