Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates.
- Australian Used Car Prices Bounce Back Despite COVID-19: New Datium Insights-Moody’s Analytics Index
- COVID-19 and Used Car Prices
- Are Used Car Prices Dropping?
- What the Coronavirus means for car sales
- 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
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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