{"id":131,"date":"2019-09-24T01:27:55","date_gmt":"2019-09-24T01:27:55","modified":"2019-10-10T23:05:59","type":"post","status":"publish","title":"Top selling used car sales for August 2019","content":"\n

Every month at Prices People Pay<\/a>, we analyse new data that our comprehensive used car price database has collected, to provide you the latest insights into the used car market. Here\u2019s our summary for the month of August.<\/p>\n\n\n\n

Top Sellers<\/h2>\n\n\n\n

During the winter period the market generally sees an influx\nof vehicles from the rental car industry, primarily consisting of Passenger and\nSUV vehicles, which adds to the supply. Passenger vehicles remain the primary seller\nin the market for August, followed by SUV\u2019s and Light Commercials.<\/p>\n\n\n\n

This contrasts with the new car market where SUV\u2019s are the biggest seller, highlighting the new car market trend of diminishing Passenger vehicle sales is still taking time to flow through into the used car market.<\/p>\n\n\n\n

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Top Selling Used Car Sales for August 2019<\/figcaption><\/figure><\/div>\n\n\n\n

Looking at individual models, Toyota continues to dominate the\nused car sales market with 4 of the top 5 most common sellers being Toyota\nbadged. While the Hilux and Ranger stay firm in the top 2 spots (making up the\nmajority of sellers in the light commercial space) the Camry, Corolla and Rav4\nround out the remaining 3 spots.<\/p>\n\n\n\n

Further down the list there is activity present for the Holden Cruze and Ford Territory which are both models that were discontinued, demonstrating demand for these vehicles even though they\u2019ve been replaced in the new car market.<\/p>\n\n\n\n

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Top Selling Used Car Sales for August 2019 by Vehicle<\/figcaption><\/figure><\/div>\n\n\n\n

Comparing to last month<\/h2>\n\n\n\n

Comparing this month\u2019s results to last, we\u2019ve seen lesser supply\nhitting the market across all vehicle segments, with Passenger vehicles seeing\nthe greatest reduction to supply. We\u2019ve observed weakening in prices for\nPassenger vehicles this month which correlates with seasonal trends. With\nSpring season upon us we expect supply to gradually increase through to\nDecember.<\/p>\n\n\n\n

\"Largest
Largest swings in Used Car Sales for August 2019 vs July 2019<\/figcaption><\/figure><\/div>\n\n\n\n

Looking at individual models, we\u2019ve seen reductions in supply across the board for most vehicles due to the usual winter slowdown. The Camry, Golf and i30 saw the largest reductions versus July however considering these are volume sellers the reduction is relatively small. Bucking the trend was an increase in supply for vans with the Toyota Hiace and Hyundai iLoad seeing an increase in supply. We\u2019ve seen resale values for vans strengthen in the past few years with better safety and tech in vans today compared to yesteryear’s, which reflects well on the increased supply available.<\/p>\n\n\n\n

\"Largest
Largest swings in Used Car Sales for August 2019 vs July 2019 by Vehicle<\/figcaption><\/figure><\/div>\n\n\n\n

Comparing to last year<\/h2>\n\n\n\n

Year-on-Year we\u2019ve seen a reduction in sales for August, with the Passenger segment seeing the largest decrease. This reflects the changing composition of vehicles entering the used car market. With SUV\u2019s and Light Commercial utes gaining market share in new car sales we expect to see reductions in sales of Passenger vehicles in the used car market moving forward.<\/p>\n\n\n\n

\"Largest
Largest swings in Used Car Sales for August 2019 vs August 2018<\/figcaption><\/figure><\/div>\n\n\n\n

Similarly, we\u2019re seeing a reflection of activity in the new\ncar market in sales of individual models. Passenger vehicles like the Toyota\nCamry, Toyota Corolla and Holden Cruze have all seen sale numbers reduce\ncompared to August last. <\/p>\n\n\n\n

The Toyota Camry has seen a reduction even though it\u2019s been\na strong seller in the new car market, explaining the stronger prices we\u2019ve seen\nfor the Camry over the past few months due to short supply.<\/p>\n\n\n\n

While we\u2019ve seen reductions in sales of SUV\u2019s, the greatest reductions have been for the Holden Captiva and Ford Territory which are two models that have been discontinued. As we move closer to the end of the year we expect sales for SUV\u2019s and Light Commercial utes to increase due to greater supply from new car sales.<\/p>\n\n\n\n

\"Largest
Largest swings in Used Car Sales for August 2019 vs August 2018 by Vehicle<\/figcaption><\/figure><\/div>\n\n\n\n

Data Source<\/h3>\n\n\n\n

Prices People Pay sources data exclusively from Datium Insights<\/a>. Feel free to check\nout their products and\nservices<\/a> page for more info.<\/p>\n","excerpt":"\nEvery month at Prices People Pay, we analyse new data that our comprehensive used car price database has collected, to provide you the latest insights \u2026","category":"Knowledge","link":"https:\/\/pricespeoplepay.com.au\/blog\/top-selling-used-car-sales-for-august-2019\/","image":"https:\/\/pricespeoplepay.com.au\/blog\/wp-content\/uploads\/2019\/09\/pexels-photo-257345.jpeg","author":"Tanim Ahmed","categories_list":"Knowledge<\/a>"}