Image: Drive
Image: Drive
AutoExec Summary
Values of used cars in Australia are decreasing due to an increase in listings and a decrease in sales, according to data from June 2024. The Australian Automotive Dealer Association (AADA) and AutoGrab reported a 2.1% increase in used-car listings to 302,848, while sales dropped by 0.3% to 192,266. Sales of used electric cars are down 3.8%, with listings up by 6.9%. Retained values of used cars across different categories have declined, but the average time to sell a used car has hit a 12-month low of 43.8 days. The most popular used car was the Ford Ranger, followed by the Toyota HiLux and Toyota Corolla. Private deals accounted for 62.7% of sales, while dealer sales made up 37.3%.
Brands mentioned: Ford, Toyota, Suzuki, Land Rover, and Porsche.