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 in the market were largely flat across last week with a slight downturn (-0.5%) overall
- There were mixed results across vehicle models with the Ford Ranger seeing the greatest increase (+3.8%) and the Toyota HiAce seeing the greatest decrease (-3.9%) last week
- Clearance rates fell (-2.4%) with only ex-council and ex-finance company sales seeing an improvement from last week
- Sales volume was also down (-8.9%) last week as lockdowns in NSW and VIC continue to impact availability of stock
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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Weekly Market Update 27th September 2021
