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← Newsroom/Dealers & retailSales & market

Used Car Market Rebounds Strongly in July

Compiled by ADME Newsroom from 2 sources

First reported by AADA · 10 August at 4:16 pm

Who's covering this — 2 articles

Industry trade
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Image: AADA

The quick read

Full coverage

AADA·Industry trade·10 August at 4:16 pm

Used Car Market Rebounds Strongly in July

Key Headlines National sales rose 11.8% in July to 240,311 units, recovering from a June dip caused almost entirely by dealer demonstrator clearance ahead of the financial year end. Dealer used…

Read at AADA →
AutoTalk Australia·Industry trade·10 August at 3:42 pm

Australian used car market rebounds in July

Australia’s used vehicle market rebounded in July, with sales increasing 11.8% month-on-month to 240,311 units after a June slowdown driven by end-of-financial-year demonstrator clearances. New…

Read at AutoTalk Australia →

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The quick read

  • Australia's used vehicle market rebounded in July with sales increasing 11.8% month-on-month to 240,311 units
  • The June slowdown was driven by end-of-financial-year demonstrator clearances
  • National sales rose 11.8% in July, recovering from a June dip
  • Dealer used car sales were a key factor in the rebound

For dealers: Australian dealers can expect increased demand for used vehicles following the July rebound

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

The July rebound in used car sales is a clear indication that Australian buyers are still hungry for vehicles, and dealers should be preparing to meet this demand with a strong stock of used cars

What it means for stock levels

Dealers who cleared out demonstrator stock in June may now be facing a shortage of used cars, which could impact their ability to meet customer demand and ultimately affect their bottom line

Given the 11.8% increase in sales, dealers should be looking to restock their used car inventory as soon as possible to capitalize on the current market trend

Pricing and margin considerations

The rebound in used car sales may also lead to increased competition among dealers, which could put pressure on pricing and margins - dealers will need to be strategic in their pricing to remain competitive

Dealers who can offer a wide range of used cars at competitive prices will be well-positioned to take advantage of the current market

Taking action

One decisive action dealers can take this week is to review their current used car inventory and ordering process to ensure they are well-stocked and prepared to meet the ongoing demand for used vehicles

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