Weekly Market Update 6th July 2020

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 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

Market Snapshot

• Prices were relatively flat this past week (+0.6%)
• Prices for ex-corporations (+3.8%) and repossessed cars (+3.1%) led the way in price increases
• Supply also flat (-0.1%) with ex-corporations (+75.9%) increasing significantly albeit over a small base
• Ex-fleet vehicles saw a strong increase in supply (+5.7%)
• Clearance rates saw a slight increase (+0.8%) to remain at historically high levels
• Prices for top 15 traded vehicles were mixed with the Subaru Forester having the strongest increase (+3%), while the Isuzu D-MAX (-4.5%) and Toyota Hiace (-3.7%) saw weakening
• Feedback from market participants still focused on shortage of stock
• Low new car sales, less repossessions, extensions of fleet leases and declining listings called out by market participants as drivers for stock shortage
• Conversely, superannuation withdrawals, JobKeeper and travel restrictions called out as drivers for price growth

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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