Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates.
- Monthly Truck & Equipment Update August 2024
- Monthly Truck & Equipment Update July 2024
- Monthly Truck & Equipment Update June 2024
- Monthly Truck & Equipment Update May 2024
Market Snapshot
- Prices increased significantly this week (+2.9%)
- Prices for Repossessions (+9.4%) led the way in price increases
- Supply fell once again this week (-19.5%)
- Repossessed (-33.3%) and Ex-Government (-33.9%) vehicles saw the largest increase to supply
- Clearance rates also fell (-3.7%) however continue to remain at historic highs
- Prices for top 15 traded vehicles were largely positive with the Isuzu D-MAX having the strongest increase (+7.6%)
- The Holden Commodore had the largest decline (-2.8%)
- Stock remains low – see our latest report on export/import activity
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.
Weekly Market Update 3rd August 2020
Hi Tanim, thanks for the great insight every week.
Just want to make it clear the definition of data “Current Week 3-Yr Resale %” means “% of Initial RRP”? and 3-Yr means it is including all data of 3 years old vehicles whatever their KM is?
Thanks in advance.
Tai
NextFleet Australia
Hi Tai,
Yes, “Current Week 3-Yr Resale %” means “% of Initial RRP”. Yes 3-Yr means 3 year old vehicles, however the data is reflective of cars that have traveled 30,000 km per year on average to make the comparisons apples for apples. Hope that answers your questions.
Thanks,
Tanim
All clear thanks!
Tai