The January 2025 edition of the Automotive Insight Report (AIR) highlights a shift in the Australian used car market. Supply increased 3.4% to 333,386 listings, reversing the decline of the previous month. However, consumer demand remains subdued, with total sales dropping 5.9%.
The Australian Automotive Dealer Association (AADA), in partnership with AutoGrab, has released the 2024 Year That Was Automotive Insights Report (AIR), providing an in-depth analysis of the nation’s used car market.
The Motor Trades Association of Queensland (MTAQ) and the Australian Automotive Dealers Association (AADA) have signed a Memorandum of Understanding (MOU). The MOU commits the two organisations to stronger cooperation for the benefit of Queensland’s automotive franchise dealers.
Following months of oversupply, the Australian used car market saw a 3.8% drop in December 2024 to 322,532 listings. The Automotive Industry Report (AIR), compiled monthly by AutoGrab and the Australian Automotive Dealers Association (AADA), said the December market favoured buyers. Sales declined significantly, by 8.1%, to 181,724 units.
The November 2024 edition of the Automotive Insight Report (AIR) compiled by the Australian Automotive Dealers Association and AutoGrab indicates ongoing cooling demand for used cars in the Australian market. Sales declined 2.3% to 197,652 compared to last month.
Honda Australia has been ordered to pay more than $13.7 million in contractual damages to Brighton Automotive Holdings (Astoria Honda Brighton) by the Supreme Court in addition to $3.8 million in interest plus most costs.
EV enthusiasm is on the wane; new car buyers have longer shopping lists but are making quicker purchase decisions, and a single test drive can be the defining moment for buyer and seller groups, according to CarExpert IQ. As brand competition heats up, 2025 will be a “fierce and fascinating year” for the Australian new car space.
The October edition of the Automotive Insight Report (AIR) showed that used car sales dropped by 3.2% to 202,355, compared to last month. Meanwhile, used car listings have grown by 1% to 317,861, indicating a buyers’ market as used car supply continues to outpace demand.
The September edition of the Automotive Insight Report (AIR) shows a modest 1% uptick in used car sales to 209,102 units for the month. Used car listings continued to increase in September by 5.2% to 314,672, continuing a trend of month-on-month increases in listings since May. “The average days to sell has increased to 46.4, the highest it has been since January.
The July edition of the Automotive Insight Report (AIR) indicates that the market for used cars is tightening, with rising sales and falling listings leading to a reduced gap between demand and supply.
