The Ford Ranger and Toyota HiLux have been as soon as once more Australia’s best-selling used vehicles in March, however electrical automobiles and plug-in hybrids (EVs and PHEVs) noticed important positive factors.
“There have been 184,054 used vehicles bought in March which is a really spectacular end result contemplating the variety of buying and selling days misplaced by way of weekends and public holidays,” mentioned Australian Automotive Seller Affiliation (AADA) CEO James Voortman.
“Ongoing energy in new automobile gross sales has improved the provision state of affairs on the used automobile market resulting in extra selection and improved affordability.
“Customers are in an excellent place to buy round and negotiate an excellent value for a used automobile.”
Total used automobile gross sales have been up 2.6 per cent over February 2024 in response to information compiled by AutoGrab and printed by the AADA, although the full variety of gross sales listings have been solely up by 0.5 per cent.
EVs noticed the most important improve in gross sales, in addition to LPG-powered automobiles. Their gross sales have been up by 13.1 per cent over the month earlier than, whereas LPG-powered automobiles have been up 22.4 per cent and PHEVs have been up by 8.9 per cent.
“The used marketplace for electrical automobiles is step by step rising with sturdy progress within the variety of listings and vehicles bought,” mentioned Mr Voortman.
“Prospects available in the market for a used EV have loads of bargaining energy because the variety of listed automobiles is nicely above the quantity being bought.”
EVs nonetheless made up lower than 1.0 per cent of the used automobile market, nonetheless, nicely beneath the share they’ve reached within the new automobile market.
New automobile value cuts have had a flow-on impact to the used automobile market, and costs of used vehicles general eased barely.
“The common time to promote a used automobile is now the bottom it has been for 12 months which tells us that sellers have gotten extra pragmatic and patrons are benefiting from decrease costs of used vehicles,” mentioned Mr Voortman.
March information reveals the typical time to promote a used automobile is 44.2 days. This information additionally seems at resale worth for used vehicles, and general each section noticed a discount in retained worth apart from utes aged 2-4 years.
The AADA additionally notes the automobiles which are holding their worth the very best are smaller used vehicles such because the Toyota Yaris, Honda Jazz and Mazda 2.
The report’s figures are primarily based on information in regards to the variety of used and vendor demonstrator vehicles listed as on the market round Australia initially of the month, that are in contrast with the variety of these listings which have been taken down on the finish.
The AADA and AutoGrab supply the next definitions:
- For Sale: Degree of obtainable used and demo vehicles listed on-line by sellers and personal sellers nationally on the time of reporting. AutoGrab processes and de-duplicates listings to establish and get rid of repetitions, guaranteeing that automobiles listed throughout a number of platforms are counted solely as soon as.
- Gross sales: Whole automobiles delisted from on-line marketplaces, serving as an in depth proxy to precise gross sales and recorded month-to-month. The delisting depend additionally displays distinctive automobiles, as AutoGrab processes and deduplicates listings to establish and get rid of repetitions, guaranteeing that automobiles listed throughout a number of platforms are counted solely as soon as.
Finest-selling used vehicles
As with final month, the Ranger, HiLux and Corolla took the rostrum spots.
Whereas a few of the orders modified barely, all of the automobiles within the prime 10 are the identical as in February.
Used automobile gross sales by state
New South Wales noticed the most important month-to-month improve in gross sales at 7.1 per cent, whereas gross sales within the Northern Territory declined by 6.2 per cent.
| State/territory | Autos listed | Autos bought |
|---|---|---|
| NSW | 84,147 | 55,734 |
| VIC | 78,825 | 44,810 |
| QLD | 61,091 | 39,872 |
| WA | 32,293 | 22,846 |
| SA | 18,709 | 11,913 |
| TAS | 5433 | 4015 |
| ACT | 5003 | 3477 |
| NT | 2119 | 1387 |
Gross sales by automobile sort
Whereas there have been extra SUVs listed on the market in March than every other automobile sort, when it comes to precise automobiles bought passenger vehicles have been within the lead.
| Listed on the market | Whole gross sales | |
|---|---|---|
| Passenger vehicles | 101,436 | 76,149 |
| SUVs | 119,288 | 70,183 |
| Utes | 57,109 | 32,530 |
| Vans and buses | 9787 | 5192 |
Gross sales by gas sort
| Listed | Bought | |
|---|---|---|
| Petrol | 168,097 | 117,977 |
| Diesel | 103,648 | 57,904 |
| Hybrid | 10,426 | 6365 |
| Electrical | 4771 | 1393 |
| LPG | 381 | 268 |
| Plug-in hybrid (PHEV) | 297 | 147 |
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