A steep increase in the number of used vehicles on dealer lots, outpacing demand-side growth, means the dreaded days of record-high used car prices look behind us.
The average price of used and demonstrator vehicles in Australia’s dealerships have been coming down for nine months now, and finished October at their lowest point since December 2021.
The steady reduction in prices, by 7.0 per cent from the middle of 2022 when the market peaked, coincides with a steep uptick in…
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