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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Market Snapshot
- Prices were up this past week (+1.3%) with ex-leases leading the increase (+3.6%)
- Supply was up (+2.3%) with light commercials (+18.6%) seeing more availability
- Clearance rates were also up (+2.7%) and are still at historic highs
- Prices for top 15 traded vehicles were largely positive with the Toyota Hiace (+11%), Holden Colorado (+4.7%) and Toyota Kluger (+4.7%) seeing the largest increases
- Stock still remains considerably low – see our latest reports on car supply and 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.
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Weekly Market Update 7th December 2020
