Weekly Market Update 8th June 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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Market Snapshot

• Prices continue strong rebound
• Sales of ex-Council vehicles nearly doubled while prices and clearance rates increased greatly as well
• COVID-19 price tracker shows prices have now returned to where they were in the beginning of 2020
• Prices for Toyota Hiace’s increased by nearly 10%, showing demand for commercial vans is strong
• Feedback from market participants continues to highlight shortage of used car stock
• With such strong demand and lack of supply, prices are likely to continue increasing

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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