{"id":161,"date":"2019-10-25T10:01:51","date_gmt":"2019-10-24T23:01:51","modified":"2019-11-06T14:23:32","type":"post","status":"publish","title":"Top selling used car sales for September 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 September.<\/p>\n\n\n\n

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

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

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

\"Total
Total sales per vehicle type<\/figcaption><\/figure><\/div>\n\n\n\n

Looking at individual models, Toyota continues to dominate\nthe used car sales market with 3 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 Holden\nCommodore round out the remaining 3 spots.<\/p>\n\n\n\n

Some major movers include the Volkswagen Golf, Subaru Forester, Toyota Landcruiser Prado and Ford Territory. The Golf and Forester have seen increased supply in September, with the Forester seeing some returning stock from the rental market. On the other hand, supply has lessened for the Territory and Prado. With the discontinuation of the Territory we\u2019re likely to see this vehicle drop further as the last batch of ex-fleet leases expire.<\/p>\n\n\n\n

\"Total<\/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 hitting the market across all vehicle segments, although the decline is relatively small. We generally see less supply in August and September each year which reverses from October, so expect to see some increased supply from next month on wards.<\/p>\n\n\n\n

\"Month<\/figure><\/div>\n\n\n\n

Looking at individual models, there\u2019s been mixed movements across the board as supply has largely stayed flat in comparison to August. The Volkswagen Golf and Ford Ranger have seen the largest swings, with the Golf seeing a slight bump in supply from the rental and OEM space, while the Ranger has seen declining stock from the fleet industry as lessees look to be extending their leases instead of turning them in.<\/p>\n\n\n\n

\"Month
Month to month swings of vehicle models<\/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 September\nfor the Passenger segment, with immaterial movements in the SUV and Light\nCommercial segments. This reflects the changing composition of vehicles\nentering the used car market. With SUV\u2019s and Light Commercial utes gaining\nmarket share in new car sales we expect to see reductions in sales of Passenger\nvehicles in the used car market moving forward. <\/p>\n\n\n\n

\"Year
Year on year swings of vehicle types<\/figcaption><\/figure><\/div>\n\n\n\n

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

The Toyota Camry has seen a reduction even though it\u2019s been a strong seller in the new car market, explaining the stronger prices we\u2019ve seen for 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, some of 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

\"Year
Month to month swings of vehicle models<\/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-september-2019\/","image":"https:\/\/pricespeoplepay.com.au\/blog\/wp-content\/uploads\/2019\/09\/Untitled-design-85-1024x536.png","author":"Tanim Ahmed","categories_list":"Knowledge<\/a>"}