Business
Used car prices surge at record rates as public transport shunned – Sydney Morning Herald
Australians are driving up used car prices to new highs, taking advantage of cheap petrol prices amid health fears about using public transport.
“This change in preference has been in response to fear of contracting the virus or, in some cases, not wanting to deal with the hassles of increased precautions.”
Wholesale used vehicle prices jumped 7 per cent in August following a 4.7 per cent rise in July, reflecting a record surge of interest at auction houses for secondhand cars.
‘Buyers gravitate to used vehicles during difficult economic climates’
Pickles general manager for motor vehicles Brendon Green
The wholesale passenger-car ma…
-
Noosa News22 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News17 hours agoHelp to make recycling stick
-
Noosa News15 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban
-
Business17 hours agoAlphabet’s stock looks like a brilliant buy right now