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Second-hand cars with that new car price

Cashed-up consumers scared of using public transport due to the coronavirus have driven used car prices up almost 50 per cent since the pandemic started, but they now face a fall in the value of their worn set of wheels. Data compiled by Moody's Analytics and Datium Insights shows just as the market for toilet paper and pasta was up-ended by measures to stop the spread of the coronavirus, demand for second-hand cars has accelerated.

In the immediate advent of the coronavirus, when many Australians were forced to work from home, wholesale used-car prices nose-dived to their lowest point in at least half a decade.

But since April, they have grown by 49 per cent. They are now a third higher than in October last year. Moody's analyst Michael Brisson said under normal circumstances, used cars ha…

RAC reveals list of cheapest new cars to run

RAC reveals list of cheapest new cars to run Staff Writer Eastern Reporter November 11, 2020

The RAC has revealed the cheapest new cars to run, with the Suzuki Baleno taking out top honours on price but not safety.

The 2020 Car Running Costs Survey unveiled WA’s cheapest and most expensive vehicles to own and run, and highlighted the need to look beyond just the drive-away price.

The survey examined 75 popular new cars across 11 categories, weighing up the cost of fuel, insurance, registration, loan repayments, tyres and servicing.

The hatchback Baleno had a weekly running cost of $166, but the RAC’s manager of vehicles and fuel Alex Forrest said price should not be the only concern for prospective buyers.

Alex Forrest with some of the vehicle'…

Car Dealerships Melbourne – New Car Dealers

Melbourne New Car Dealers and Dealerships https://youtu.be/0BVtBpk4TPI Are you looking for a new car to buy in Melbourne? Let us help you with your research by providing you with 5 new car dealers and dealerships in Melbourne. There are many different car dealers in Melbourne if any of these locations aren’t suitable then you can use our extensive car dealership listings to find a more suitable car dealer near you in Melbourne. We have more than four hundred car dealer listings in or near Melbourne. You can contact any of these car dealerships in your research and search journey or you can find them online to check if they have the make and model of the new car you are looking for or if it’s for additional information. You may also be able to inspect the car if they have it on display at the dealership and try book a test drive at the same time. Research is the most important task to do thoroughly when buying a new or used car by gathering as much information…

Sydney Car Dealerships – 5 New Car Dealers in Sydney

Sydney New Car Dealers Are you looking to buy a new car in Sydney, let us help you with your research by providing you with 5 new car dealerships in Sydney. There are a number of different car dealers in Sydney if these locations don’t suit then you can use our extensive car dealership listings to find a more suitable car dealer. You can contact any of these car dealers or check them out online to see if they have the make and model of the new car you are looking for or if it’s just for some information that you need. You may also be able view and inspect the car if they have it on display at the dealership and you should also be able to book a test drive. The number one rule with buying a new or used car is do you research by gathering as much information that you can, inspecting the vehicle and taking it for a test drive. This will also provide you with the opportunity to see how welcome and professional the car dealership is and then once you’re rea…

Global shortage of new cars leaves car yards nearly empty and forces used car prices up

Key points: There is a shortage of new imported cars reaching Australia Car yards usually filled with new cars are nearly empty Prices of used vehicles are up 30 per cent on this time last year

He said, normally, he would have eight to 12 to cars on display.

"At the moment, we have one, so supply is very tight," he said.

"The factory in Japan closed down for a month, so it's been a chase, a catch-up, ever since."

Mr Sutton said he still had plenty of people interested in buying new cars — they just had to wait a little longer.

"Customers come in, and they need to order vehicles, and there'd be a two-to-three-month delay," he said. Demand up, supply down Neil Sutton is finding it hard to get new cars to fill his car yard.(ABC Alice Springs: Oliver Gordon)

What's happening at this car dealership in Alice Springs reflects a …

Used car prices hit another all-time high

It’s a seller’s market: Used car prices hit another all-time high Selling your car could be an easy way to make a quick buck during the coronavirus recession. Research by Moody’s Analytics and Datium Insights shows used vehicle prices rose for the fifth straight month in September to hit another all-time high. Average prices jumped 3.8 per cent over the month as persistent weakness in the new vehicles market and aversion to public transport left too many buyers chasing too few cars. A 2006 Nissan Patrol ST, for example, was selling for $15,510 more in September 2020 than in September 2019, with buyers forking out an average of $38,500 for the car, according to Carsales.com.au. (The 2017 Holden Special Vehicle GTS R experienced the biggest annual median price increase – rising by $51,990 to $169,990 – but that’s unsurprising given no more Holdens are rolling off the production line.) As Moody’s Analytics economist Michael Brisson put…

Used car prices surge at record rates as public transport shunned

Used car prices surge at record rates as public transport shunned Australians are driving up the price of used cars at record rates, taking advantage of the cheapest petrol prices in two decades and big incentives for businesses buying equipment and vehicles amid health fears about using public transport. While new car sales have dived, demand for used vehicles is now so high prices for second-hand cars have jumped 25 per cent above what they were in August 2019 according to Moody's Analytics data, which tracks transactions at car marketplace Pickles. Liam Baverstock, branch manager of Pickles in Canberra, has seen prices surging for used cars.CREDIT:ALEX ELLINGHAUSEN

This is a record annual growth rate, surpassing a previous 20 per cent price rise in December 2009 following the global financial crisis, and comes after…

The Age of Electric Cars Is Dawning Ahead of Schedule

Battery prices are dropping faster than expected. Analysts are moving up projections of when an electric vehicle won’t need government incentives to be cheaper than a gasoline model.

Building more efficient batteries is critical to reducing the price of electric cars. At the Karlsruhe Institute of Technology in Germany, a prototype is being developed that would manufacture tailor-made battery components.

Credit...Felix Schmitt for The New York Times

As car sales collapsed in Europe because of the pandemic, one category grew rapidly: electric vehicles. One reason is that purchase prices in Europe are coming tantalizingly close to the prices for cars with gasoline or diesel engines.

At the moment this near parity is possible only with gov…

Electric cars in Canberra to get a huge financial ‘leg up’

The Greens want buyers of electric cars in Canberra to get a huge financial 'leg up' Comments Ion DNA managing director Rob Ogilvie has welcomed a more accessible electric car price point for buyers. Picture: Supplied Buyers of electric vehicles will receive a $10,000 subsidy toward their purchase under the Greens' plan to accelerate the ACT's take-up of zero-emission vehicles. The Greens have also confirmed that key elements of their "electric vehicle revolution" would be included in any parliamentary agreement should they win the balance of power, as exists in the current ACT Assembly. The Greens would set aside $50 million to fund their electric vehicle incentive program. The $10,000 per car subsidy would provide a huge boost for small businesses like Ion DNA, a Fyshwick direct importer and retailer of second-hand electric cars. Rob Ogilvie, who set up his business a year ag…

Tesla sells 80% more than other EV makers as hybrid sales soar

Tesla sells 80% more than other EV makers as hybrid sales soar SOURCE: TESLA Tesla has now sold 80% more electric vehicles than all other car makers selling EVs in Australia for 2020, pressing home its dominance in the local market, while hybrids continue to soar in popularity. While hybrid sales have doubled from 2019, battery electric vehicle sales were up 17.3% compared to the year before, according to Vfacts data collected on behalf of the Federal Chamber of Automotive Industries (FCAI), (noting EV sales are from a low base and do not include figures from Tesla). By contrast, the wider auto market in Australia is now on its 29th month of decline in sales, further highlighting the ongoing success of electric and hybrid cars. While the all-electric Hyundai Kona is sitting at the top of EV sales in Australia according to Vfacts, it is of course the Tesla Model 3 that is the real leader. Including the Model X and Model S, Tesla has in 2020 sold aroun…