this post was submitted on 10 Jul 2023
7 points (100.0% liked)

Cars Australia

205 readers
1 users here now

A community for Australian Car Enjoyers, or just looking for information from other aussies.

Questions regarding purchasing, modifying, home servicing, show and tell, car porn, camping in their 4x4, etc

Usual aussie.zone rules apply.

founded 1 year ago
MODERATORS
[email protected]
[email protected]
7
Used car prices back on their way down in Australia - Car Expert (www.carexpert.com.au)
submitted 1 year ago by [email protected] to c/[email protected]
1 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago

I think the market has been saturated and is being fulfilled by cheap Chinese imports.

It is hard to justify paying above New Car LIST prices for a 3 year old car out of Warranty when you can buy a new shitbox with 7 year warranty.

Also, a lot of people who purchased cars since COVID are suffering financially, cars are being repossessed and are flooding the market.