Australia’s top-selling light-commercial van is also the vehicle with the highest three-year resale value this week leading the top-15 traded vehicles with a residual value of 83% according to Datium Insights.
It says the three-year weekly resale value for the Toyota Hiace increased by 7.3% in the week ending December 14, 2020.
It is reporting that prices were generally flat in the past week (+0.5%) but repossessions saw the greatest gains (+8.3%).
Prices are now nearly 30% higher for used vehicles than at the beginning of the year says Datium Insights.
Supply was down this week (-16.8%) with repossession vehicles (-31.4%) leading the decreases, and clearance rates were also down (-2.8%).
Prices for top 15 traded vehicles were mixed and the Holden Commodore (-3.2%) saw the largest decrease in its three-year weekly resale value.
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