Used car prices will keep dropping in 2024

8 February 2024, 3:22 pm

Fleet Auto News
Used car prices will keep dropping in 2024
Image: CarExpert
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Used car prices will keep dropping in 2024
Image: CarExpert

AutoExec Summary
Used car prices in Australia are expected to continue falling in 2024, with a projected 8.1 per cent decrease. This is due to increased production and local supply of new cars, which reached a record-high in 2023. However, prices are still 49 per cent higher than they were five years ago. The Ford Ranger was the best-selling used vehicle in Australia last year.

Brands mentioned: Ford, Toyota

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