Weekly Market Update 24th August 2020

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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• Monthly Truck & Equipment Update September 2024November 5, 2024
• Monthly Truck & Equipment Update August 2024October 4, 2024
• Monthly Truck & Equipment Update July 2024September 5, 2024
• Monthly Truck & Equipment Update June 2024August 6, 2024

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Market Snapshot

• Prices were up (+1.8%) once again this week
• Passenger vehicles (+3.1%) and Light Commercials (+2.4%) drove increases
• Prices have increased 32% from the low in April
• Repossessions (+9.9%) and ex-councils (+8%) saw strong price increases
• Supply was up again (+3.9%) but still remains incredibly volatile
• Clearance rates were also up slightly (+1.8%)
• Prices for top 15 traded vehicles were mixed with the Toyota Hilux (+5.4%) seeing the largest increase and Nissan X-TRAIL (-2.2%) seeing the largest decrease
• As highlighted above, stock remains considerably low – see our latest reports on car supply and export/import activity

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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.

Disclaimer: This is a general information service only and we do not provide advice or take into account your personal circumstances, financial situation or needs. Please seek professional advice with regards to how any of the material on this website can impact your own financial situation. Datium Insights is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.