Second-hand cars with that new car price
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…Global shortage of new cars leaves car yards nearly empty and forces used car prices up
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
Used car prices surge at record rates as public transport shunned
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…