The Ford Ranger and Toyota HiLux were once again Australia’s best-selling used cars in March, but electric vehicles and plug-in hybrids saw significant gains. “There were 184,054 used cars sold in March which is a very impressive result considering the number of trading days lost through weekends and public holidays,” said Australian Automotive Dealer Association CEO James Voortman.
“The average time to sell a used car is now the lowest it has been for 12 months which tells us that sellers are becoming more pragmatic and buyers are taking advantage of lower prices of used cars,” said Mr Voortman. March data shows the average time to sell a used car is 44.2 days. This data also looks at resale value for used cars, and overall every segment saw a reduction in retained value except for utes aged 2-4 years.
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Source: 7NewsMelbourne - 🏆 18. / 59 Read more »