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Why you shouldn’t buy a used car right now By Josh Dowling April 10, 2021 A chronic shortage of new cars – caused by production interruptions due to parts delays during the coronavirus crisis – has prompted an unprecedented surge in used car values across Australia. Used car buyers are either treating themselves to a new set of wheels amid international travel restrictions, or planning to embark on an epic road trip. However, experts warn people should not buy a used car now unless it’s a necessity because they forecast values will hit the brakes in about six months once production of new cars ramps up again. The used car market has had an unprecedented boom since the pandemic began. CREDIT:ROB HOMER Data compiled by Moody Analytics - and sourced from auction houses that handle thousands of wholesale deals each month - estimate used car values have surged between 30 and 48 per cent since the pandemic struck early last year…

Used cars for new prices as COVID drives WA sales through the roof By Emma Young When Colin Taylor knew his car was not long for this world he thought he would just pop down to the dealership and replace it. Little did he reckon with a soaring WA market, countering trends in the rest of the country, in which customers are experiencing months-long delivery delays, buying higher-end models than they wanted, and buying used for new-car prices. Colin Taylor with his new car. The model of Mitsubishi Triton Mr Taylor wanted wouldn’t be available for six or seven weeks, his dealer told him. “I figured that would mean 12 weeks,” he said. “So I opted to buy a new one they already had in the showroom. “I needed the car urgently. My existing vehicle was on the way out. I paid about $6000 more. “There are so many people waiting for new cars, plus they also told me people were buying used cars with low kilometres at much more expensive prices than the…