The November Automotive Insights Report is now available for members. The Dealer exclusive report showcases a monthly analysis of used car sales, developed in partnership with AutoGrab.
This month’s report shows that after a number of years of tight supply, the used car market is seeing increased stock levels along with increased time to sell vehicles, and a gradual decline in retained values. Some key points from the November AIR include:
- 206,417 vehicles were sold, while 303,732 vehicles were listed for sale. This is 2.1 per cent lower than October.
- The average time to sell a used car is 52 days which is the highest it has been over the past 12 months.
- Retained values are gradually declining after the record highs of recent years, but there are still several makes and models which are holding their value very well and, in some instances, exceeding their new market value.
- The list of top selling cars in the used market closely reflects preferences in the new car market, with the Ford Ranger taking out top spot ahead of the Toyota Hilux.
After our initial release last month, we’ve identified some additional metrics which might be of interest to Dealers. We’ve provided more granularity on retained values ensuring Dealers are able to see results across segments and top 10 models for used vehicles aged 2-4 years and 5-7 years.
Also, for Dealer market supply analysis we’ve segmented it further to provide information relevant to vehicle age.
Dealers seeking more granular and local data can contact AutoGrab directly for a tailored solution.
If you are a Dealer of a contributing brand and would like access to the monthly report please email Communications Manager Ashleigh Sykes on asykes@aada.asn.au.
