Weekly Market Update 22nd June 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.

Market Snapshot

  • Prices continue to increase with a 1% gain overall this week
  • A major change this week was an increase in supply (+17.9%), after several months of below average volume
  • Councils continue to lead this supply rebound (+73.7%) but we’re now seeing finance (+35.5%) and leasing (12.8%+) businesses move back into market
  • Light Commercial vehicles dominated this supply rebound (+34.1)
  • Even with this increased supply, clearance rates have climbed to levels (+7.8%) unseen in the past 10 years – highlighting the demand in the market
  • Prices for the top 15 traded vehicles were generally positive, with only Holden Commodore’s (-3.5%) and Colorado’s (-1.8%) declining – although they had climbed up the past several weeks
  • Despite this supply rebound, consensus around the market is there continues to be a shortage of used car stock

Weekly Price Changes

Weekly Prices Changes for Top Models

Weekly Clearance Rate Changes

Weekly Sales Volume Changes

Price Index COVID-19 versus GFC

Tanim LinkedIn
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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