[nstg8a]

I think the last 12-18 months have been the perfect storm for second hand car prices.

You have covid, which has one on hand thrown a heap of unexpected cash into some people’s accounts, and on the other hand 400,000 ex pats came home, most of which probably needed a car or two... then there’s the supply issues facing new cars which meant long wait times so people either hung onto their trade in for longer or bought something second hand but newer instead of waiting 7-8 months for a new car.

Couple that with the effects of no local production really hitting the market, you see the effect on the market of being no cheap large cars any more. No 30-35k falcons or commodores... now we have corollas that are over 40k, average price of a Thai “ute” is probably close to 60k than 40k..
even shoddy Chinese imports are gaining acceptance, because of the high price of the alternatives.

I don’t think prices will drop either, buy now or pay more later.


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