Weekly Market Update 31st 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 (+1.5%) once again this week
• SUV’s (+2.4%) and Light Commercials (+1.5%) drove increases
• Despite mostly increases across segments, repossessions declined (-5.6%)
• Supply was down (-9%) and remains incredibly volatile
• Clearance rates also declined (-3%)
• Prices for top 15 traded vehicles were mixed with the Toyota Hiace (+3.1%) and Toyota Landcruiser (+2.4%) leading increases
• 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.

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