Australian wholesale new vehicle prices have fallen 12 per cent from their peak in May 2022, as normality returns to the wider supply chain and demand for pre-loved cars cools.
The Q4 Used Vehicle Price Report found used car prices have now decreased for seven successive months, and in January 2023 they had their first year-on-year decline since May of 2020.
Moreover, used car prices are expected to continue returning to earth during 2023 as new car supply improves, and demand…
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