Cox Automotive Australia takes an authoritative deep-dive into Australia’s ever-changing retail and wholesale used passenger vehicle markets, taking stock of 2023 while looking ahead of 2024 and beyond.
We saw used car prices tumble across the calendar year in both retail and wholesale markets, as we emerged out of COVID. We saw older vehicles hold higher proportional values than newer ones, and passenger cars remain higher on the comparative price index than SUVs. We also saw EVs hit a few hurdles as more and more enter the second-hand space.
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