{"id":237,"date":"2020-01-15T11:42:05","date_gmt":"2020-01-15T00:42:05","modified":"2020-02-07T11:09:07","type":"post","status":"publish","title":"Top selling used car sales for December 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 December.<\/p>\n\n\n\n

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

Passenger vehicles still lead the way in volume of sales and\nwe\u2019ve observed an increase for December. As sales of passenger vehicles decline\nin the new car market we expect to see people in the used car market turn them\nover as well to procure SUV\u2019s and Light Commercials. This may explain some of\nthe increased sales of passenger vehicles we saw in December however we expect\nthe ongoing trend to be a steady decline.<\/p>\n\n\n\n

SUV\u2019s have definitely taken a large share of overall sales, with light commercials also seeing some decline. With fleets and businesses looking to extend the life of their trade vehicles we expect the volume of light commercials to remain suppressed for the medium term.<\/p>\n\n\n\n

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

Looking at individual models, the Toyota Camry has taken the\nlead off the Ranger in December. Toyota continues to dominate the used car\nsales market with 3 of the top 5 most common sellers being Toyota badged. While\nthe Camry, Ranger and Hilux stay firm in the top 3 spots (with the Ranger and\nHilux making up the majority of sellers in the light commercial space) the Corolla\nand Volkswagen Golf round out the remaining 2 spots.<\/p>\n\n\n\n

There\u2019s been change in the order of most popular selling models with small passenger vehicles being turned over in larger numbers this month. The Volkswagen Gold saw a marked increase as did the Mazda 3 and Toyota Yaris, two models which didn\u2019t make the cut last month. As more of these vehicles expire in the fleet market we expect some turnover to continue as the market continues to adjust more towards small SUV\u2019s.<\/p>\n\n\n\n

\"Top
Top sales by Model<\/figcaption><\/figure>\n\n\n\n

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

We expected a reduction in supply in December which took place overall, however we actually saw a slight increase in Passenger vehicles. As we move into 2020 we expect supply overall to steadily increase as businesses re-open following the end of the holiday period.<\/p>\n\n\n\n

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

Looking at individual models, there\u2019s unsurprisingly more decreasing\nmovements in supply across the board. There\u2019s been a noted decrease in Light\nCommercials, with the Ranger, Hilux, D-Max and Amarok all seeing declines in\nsupply. Conversely, the Volkswagen Golf saw a large increase in volume driven\nby expiring lease activity. Whilst being a popular model we expect supply in\nthe new year to reduce to normal volumes.<\/p>\n\n\n\n

\"Month
Month to month swings by Model<\/figcaption><\/figure>\n\n\n\n

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

Year-on-Year we\u2019ve actually seen a reduction in sales overall\nfor December, driven by a drop in Light Commercials. Due to the economic\nclimate it\u2019s likely more businesses are holding onto their current trade\nvehicles as opposed to turning them over for new ones.<\/p>\n\n\n\n

The reduction in new car sales over the past 18 months is also continuing to have an effect in reducing supply entering the used car market, so we expect supply to decline somewhat gradually over the course of the next 12 months. Passenger vehicles have seen the sharpest decline in new car sales so we expect a similar trend in the used car market. <\/p>\n\n\n\n

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

Compared to last year we\u2019ve generally seen increases in\npassenger and SUV models like the Camry, Golf and Rav4. Conversely, light\ncommercials like the Hilux and Ranger have seen a decline, most likely due to\ncurrent economic conditions affecting businesses.<\/p>\n\n\n\n

Going into 2020 we expect supply for SUV\u2019s and Light Commercials to gradually pick up as businesses begin to spend capital and turnover their vehicles.<\/p>\n\n\n\n

\"Year
Year on year swings of vehicle models<\/figcaption><\/figure>\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-december-2019\/","image":"https:\/\/pricespeoplepay.com.au\/blog\/wp-content\/uploads\/2019\/12\/cars-and-trucks-1449296-638x425.jpg","author":"Tanim Ahmed","categories_list":"Knowledge<\/a>"}