Used car prices back on their way down in Australia
www.carexpert.com.au
After a couple of months of higher used vehicle prices, the market appears to be back on its downward trend.
  • Salvo
    1·
    1 year ago

    I think the market has been saturated and is being fulfilled by cheap Chinese imports.

    It is hard to justify paying above New Car LIST prices for a 3 year old car out of Warranty when you can buy a new shitbox with 7 year warranty.

    Also, a lot of people who purchased cars since COVID are suffering financially, cars are being repossessed and are flooding the market.