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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- Weekly Market Update 7th October 2024
Market Snapshot
- Prices were down (-3.9%) with repossessed vehicles (-9.0%) seeing the largest decrease
- With lockdowns across several regions of Australia, price volatility in the market has increased
- Supply was down (-1.1%), owing to lockdowns in Sydney and Melbourne
- Clearance rates were up (+3.1%)
- Prices for the top 15 traded vehicles were mostly down with the Toyota Kluger (-7.6%) seeing the largest decrease
- 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
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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Weekly Market Update 30th August 2021
