Seller’s market for used cars

COVID-19’s effect on Australia includes an unexpected impact on the volatility of pricing and stock availability of used cars.

COVID-19’s effect on Australia includes an unexpected impact on the volatility of pricing and stock availability of used cars.

Research by carsales, backed up by a recent statement from Moody’s Analytics, suggests that sellers of used cars are very much in charge right now.

“Discounting [of used cars] is at unprecedented low levels,” says Jeremy Moger, Head of Commercial Insights at carsales.

“And days spent online for delisted stock [cars removed from carsales] is also really low.

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