Used car prices will keep dropping in 2024

A slide in Australian used car prices is expected to continue this year, as new car supply finally improves almost four years after the global pandemic began.

Data released by financial intelligence firm Moody’s Analytics shows used car prices have continued to fall from the peak recorded in May 2022, and are now 17 per cent lower than the all-time high.

The firm expects used car prices to fall by 8.1 per cent throughout 2024, after having dropped by 9.4 per cent between…

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