Weekly Market Update 8th March 2021

Read our latest weekly update on the state of the used car market containing analysis of prices, volume and clearance rates.

After more insights? Contact us for access.

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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 increased last week (+2%) with passenger cars (+4.1%) and SUV’s (+3.1%) leading the increases
• Supply was down significantly (-28.3%) as stock continues to tighten in the market
• Clearance rates were also down (-9.5%)
• Prices for the top 15 traded vehicles were mixed with the Toyota Corolla (+3.6%) leading increases and the Isuzu D-MAX seeing the greatest decrease (-4%)
• 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 VFACTS new car sales and global car production, sales and exports

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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.

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.