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 February 2024
- Monthly Truck & Equipment Update January 2024
- Monthly Truck & Equipment Update December 2023
- Monthly Truck & Equipment Update November 2023
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
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 7th September 2020
