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…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.
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