Used EV, PHEV sales drop even as demand for new ones grows

AutoExec Summary
Used car sales in Australia have increased, with a record number of listings and a decrease in the time it takes to sell a vehicle. Petrol vehicles and traditional hybrids saw an increase in sales, while diesel vehicles and electric vehicles (EVs) experienced a drop in demand. Passenger vehicles remain popular, with sedans, hatchbacks, and wagons outselling SUVs and utes. The Ford Ranger and Toyota HiLux are the top-selling used vehicles, with the Toyota Corolla leading among passenger cars. Light commercial vehicles, such as utes, have seen a decline in sales. Overall, the market is benefitting buyers with a greater variety of used vehicles available at lower prices.

Brands mentioned: Ford, Toyota, Mitsubishi, Hyundai, Mazda, Volkswagen