Private used car sellers more active

AutoExec Summary
The Australian used-car market has seen a 25 per cent increase in listings in the first half of 2024, driven by a record high in new vehicle sales. Private sellers are also becoming more active, with a 67.5 per cent market share compared to dealers. This increase in supply has led to lower prices, resulting in higher sales. The data also shows strong growth in sales of used hybrids and EVs, with Toyota leading the market with almost 17 per cent market share. The Ford Ranger and Toyota Hilux are the top-selling used cars so far this year.

Brands mentioned: Toyota, Mazda, Ford