Used cars offer better value in 2024 according to Carsales
Carsales has announced its Best Used Cars Awards for 2024. It says moderating used car prices has injected value back into the market.
Carsales has announced its Best Used Cars Awards for 2024. It says moderating used car prices has injected value back into the market.
According to carsales, a year-on-year (YoY) decline in median used car prices means the upcoming holiday period is a prime time for intenders to buy a car that may be on their wish list.
The new MG4 electric hatch has been crowned the 2023 Carsales Car of the Year while the MY24 Polestar 2 and all-new Hyundai Kona each grabbed a highly commended award.
For the first time since February 2020, carsales has seen a year-on-year (YoY) decline in median used car prices – with the average listing price for dealer used cars currently down 3.4% YoY (as at May 31, 2023).