The March 2025 edition of the Automotive Insights Report (AIR), powered by data from AutoGrab, reveals a 14.8% increase in used car sales, with 200,566 vehicles changing hands nationally. This comes even as total active listings declined by 4.7%, reflecting tightening supply across most states, according to the Australian Automotive Dealers Association (AADA).
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.
