Weekly Market Update 29th 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 saw another jump this past week (+2.1%) with light commercial vehicles seeing the strongest gain (+3.8%)
  • Prices for repossessed vehicles (+5.7%) and ex-Government fleets (+5.5) led the price increase
  • Supply lessened (-10.8%) this past week after a strong influx the week prior, although ex-Council vehicle supply continues to increase (+13.6%)
  • Clearance rates continue to climb to historic high levels (+2.3%)
  • Prices for the top 15 traded vehicles continue to mostly see gains, with only Mitsubishi Triton’s seeing a slight decline (-1.1%)
  • While stock shortage continues to be a theme, feedback suggests trading conditions are incredibly positive in both auction and retail channels

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.

Please contact Datium Insights for further analytical support and advisory services.

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