used car market crash australia

Ah, the used car market crash in Australia—sounds like the financial apocalypse for car dealers, right? Not quite a crash, but a softening after pandemic-induced frenzy. Prices peaked in 2021 due to supply chain chaos and new car shortages, then cooled down in 2023 as supply caught up and demand normalised.

This means bargains are back if you've been sitting on the sidelines, but don't expect rock-bottom prices; the market remains healthier than a lemon on Tradingpost. Watch out for older vehicles with inflated prices due to the earlier boom.