Used car price rises aren’t here to stay

AutoExec Summary
Overseas conflicts caused disruptions in shipping routes, leading to higher used car prices in Australia in March. However, Moody’s Analytics expects prices to decrease in the coming months as carmakers adapt to the challenges. The increase in prices is attributed to disruptions in Red Sea shipping routes, but the effects are expected to stabilise. Used car prices increased for the third consecutive month in March, but are projected to decline as new car supply improves. Despite this, the decline in average market price is expected to be less steep than last year.

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