Business
The models driving Australia’s used-car price surge – CarAdvice
Used vehicle prices in Australia are 25 per cent higher than they were during the same period last year, marking an all-time record rate of growth for the sector. Although new car sales are dwindli…
Used vehicle prices in Australia are 25 per cent higher than they were during the same period last year, marking an all-time record rate of growth for the sector.
Although new car sales are dwindling, demand for used vehicles has accelerated rapidly, smashing the previous record of 20 per cent growth set in December 2009.
According to financial intelligence company Moody’s Analytics, this growth is largely being driven by interest in the ute segment, which has grown by 32 per cent compared to …
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