will new car prices drop in 2023

Short answer: not in a big, fireworks-and-confetti way. Through 2023 in Australia, most new-car RRPs held firm or crept up thanks to inflation, shipping and currency, while easing supply mainly brought shorter waits and small dealer discounts. EVs were the exception, with headline cuts worth several thousand AUD as competition sharpened. Used-car values slid off their 2022 peak by roughly 5–15% depending on segment, age and kays.

So yes, deals got easier to sniff out—but a grand market nosedive didn’t happen; target plate-clearance, demos and discontinued trims for the best bang-for-buck.