After months of growth and record sales for used cars in Australia, the market has taken a slight downturn, affecting almost all vehicles apart from fuel-saving hybrids. Data compiled by AutoGrab and published by the Australian Automotive Dealer Association (AADA) shows 206,804 used vehicles were sold throughout August, a 3.6 per cent decrease on the month prior.
July was the third month in a row where a new record monthly sales figure was set since the AADA’s Automotive Insights Report (AIR) debuted at the end of 2023. But though August broke this streak of records, its sales figures were still above those of June. The slight sales decrease came despite a 4.
9 per cent rise in the number of used vehicle listings, with private sellers accounting for almost one-third of the market. 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal.
Browse now . The average days it takes to sell a used car has continued to fall, reaching a new low of 42.7 days, almost a full day less than the prior month.
“In line with the new car sales trends, demand has decreased for used cars, with all states, except South Australia and Tasmania, recording a drop in sales,” said AADA CEO James Voortman. “There are some correlations to the new car market in terms of popularity of hybrid vehicles with hybrids experiencing an increase in sales, while petrol, diesel and electric all experienced a drop in sales. “In comparison to July, th.