Secondhand vehicle prices in Australia have jumped by 18.4 per cent in the past year as demand rises because of continued backlogs in the new car market where some frustrated buyers have to wait a year or more for delivery.
New figures from Datium Insights and Moody’s Analytics Used Vehicle Price Index for May show prices of used cars have continued to rise in the past 12 months, although the size of the increases is starting to level out.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
