Weekly Market Update 22nd March 2021

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 fell last week (-1.9%) with ex-leases (-3.6%) leading decreases
  • The market looks headed for its yearly dip over the Easter long weekend – a trend which was missed last year due to COVID
  • Supply also fell (-4%) as stock continues to tighten in the market
  • Clearance rates were flat once again (+0.3%)
  • Prices for the top 15 traded vehicles were mostly negative with the Holden Colorado seeing the greatest decrease (-5%)
  • With 2020 behind us, read our newest article on what 2021 might hold for car sales
  • Stock still remains considerably low – see our latest reports on VFACTS new car sales and global car production, sales and exports

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

AutoPredict

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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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Published by Tanim Ahmed

Tanim leads the development of our product suite, working with top-notch developers to deliver the best products for our customers. In addition, he also oversees sales and marketing activities, spending time with customers across the country. Tanim has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk. Prior to Datium Insights, he worked in various risk and product roles with the likes of General Electric, Custom Fleet and Westpac. He has degrees in Finance and Economics from Macquarie University.

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