In spite of the disruptive Easter Holiday break, Australia has posted an impressive used car sales result for March, according to the Automotive Insights Report released by AutoGrab and the Australian Automotive Dealers Association (AADA).
AutoGrab has partnered with global automotive data firm JATO to provide mutual customers with JATO’s specification and options solutions combined with AutoGrab’s real-time pricing and vehicle information insights.
The Automotive Insights Report (AIR) for used car sales in February 2024 has been released by the Australian Automotive Dealer Association (AADA) in conjunction with AutoGrab.
The Australian market for used electric vehicles is young and volatile according to the 2023 Automotive Industry Report (AIR) which was compiled by the Australian Automotive Dealers Association (AADA) and AutoGrab.
The Australian Automotive Dealer Association and AutoGrab have released the first annual Automotive Insights Report (AIR) for the 2023 calendar year.
Automotive market pricing and intelligence platform, AutoGrab, says the Suzuki Jimny is the vehicle which has the strongest residual values in the Australian used car market. The platform says that new car prices have surged by nearly 20% in the last year, and a number of popular vehicles continue to appreciate in value in the second hand market, The data, which looked at automotive trends in 2023, reveals significant increases across various vehicle categories, with the average new passenger car jumping by $5,251 from $30,481 in 2022 to $35,732 in 2023 according to AutoGrab. It says the average new SUV has already increased significantly, seeing a $2,000 increase in drive-away price from $42,212 in 2022 to $44,210 in 2023. AutoGrab light commercial vehicles have also seen a jump in price of $5,600 this year, from an average price of $58,116 in 2022 to $63,748 in 2023. "New vehicle shortages over the past couple of years have seen prices shoot up in 2023 across all vehicle sectors.
