Why used car prices have nosedived

A mammoth market change has triggered the price of a used car in Australia to fall by 12 per cent over the past year as motorists tighten their budgets.

There are only a “handful” of electric cars in Australia which can be used to power a house, with two being “petrol-powered plug in hybrids”, says Car Expert Founder Paul Maric. “When they come up with this stuff it’s really disappointing because you’re trying to fool the consumer,” he told Saturday Herald Sun…

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