Weekly Market Update 4th January 2021

Datium Insights Weekly Market Update

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 down in the last week of 2020 (-3%) with repossessions (-11.2%) seeing the largest falls
  • Supply was also down (-51.4%) due to the holiday period
  • Clearance rates were also down (-10.7%)
  • Prices for top 15 traded vehicles were mostly negative with the Holden Commodore (-3.7%) and Toyota Hiace (-5.5%) seeing the largest declines
  • With 2020 behind us, read our newest article on what 2021 might hold for car sales
  • Stock still remains considerably low – see our latest reports on car supply and export/import activity

Weekly Price Changes

Weekly Prices Changes for Top Models

Weekly Clearance Rate Changes

Weekly Sales Volume Changes

Price Index COVID-19 versus GFC

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Tanim Ahmed

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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Published by Tanim Ahmed

Tanim leads the development of our product suite, working with top-notch developers to deliver the best products for our customers. In addition, he also oversees sales and marketing activities, spending time with customers across the country. Tanim has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk. Prior to Datium Insights, he worked in various risk and product roles with the likes of General Electric, Custom Fleet and Westpac. He has degrees in Finance and Economics from Macquarie University.

Join the Conversation

2 Comments

  1. Thank you for your insight. I would like to know if you guys think this downward trend will continue into the later months of Q1.

    1. Hi Cameron,

      As new car sales continue to strengthen and travel restrictions are gradually eased there will likely be some softening in used car prices in the coming months.

      Thanks,
      Tanim

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