Second-hand vehicle prices in Australia spiked 36 per cent from a year ago in January and experts say the boom won’t dissipate in 2021 because reduced supply and hot demand are set to continue.
Car manufacturers in Europe and the United States are battling to keep up with orders for new cars because of COVID-19 disruptions and a shortage of vital semi-conductor chips from Asian manufacturers that is crimping production schedules and causing temporary factory shutdowns.
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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
