The amount of used vehicles for sale??
Submitted: Sunday, Mar 10, 2013 at 14:32
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Axle
Just looking around ,there seems to be an ever increasing number of used vehicles for sale, yards and private sales, in our area where ever there's a space on the side of the road theres a car with a for sale sign on it. the place is looking like a big auction yard!!,..lol.
I have only had 6 cars in forty six years of driving......Me thinks times have changed!..lol.... Or is it a sign of the times and quick cash is becoming a necessity?
Cheers Axle.
Reply By: Bazooka - Sunday, Mar 10, 2013 at 15:02
Sunday, Mar 10, 2013 at 15:02
Gday Axle
New vehicle sales have been trending upwards since 2009 apart from a stutter towards the end of 2011. Consumers could be cashing in on discounts and changing up maybe? The fact that we have record low interest rates and our economy is still going extremely
well overall helps those who can afford regular upgrades.
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Follow Up By: Axle - Sunday, Mar 10, 2013 at 15:32
Sunday, Mar 10, 2013 at 15:32
Hi Bazooka
I guess cheap imports add to the equation as
well ,keeps the market very competitive with newies,..As you say for those that can afford regular upgrades.
Cheers Axle.
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783441
Reply By: Member - John G - Sunday, Mar 10, 2013 at 15:11
Sunday, Mar 10, 2013 at 15:11
G'day Axle
We probably won't get the definitive answer here because of all the variables involved.
A couple of things;
First, you may be right on the cash theory, but combined maybe with folk rationalising just how many cars and/or their size are required.
Second, the new car market seems very competitive at the moment, and you can get a very good vehicle for under $30K. e.g. on Friday I went into a Subaru dealer to see what model used Outback or Forrester I could get for around $25K, and salesfolk being salesfolk, I was quickly steered toward a new Subaru XV @ $28K on the road.
You still need to have those $$ in your pocket though!!
Cheers
John
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Follow Up By: Axle - Sunday, Mar 10, 2013 at 15:42
Sunday, Mar 10, 2013 at 15:42
Hi
John,
Subaru seem to have a model for everyday of the week..lol
Thats a good price!!!,...Jeez its competitive out there now.
Still a great vehicle subaru, Have owned earlier model for years till it was stolen, thinking of going back to them as i don't need the Landcruiser size anymore.
Cheers Axle.
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783444
Reply By: Member - Wamuranman - Sunday, Mar 10, 2013 at 17:42
Sunday, Mar 10, 2013 at 17:42
The number of used vehicles for sale is highly correlated with new car sales. After a couple of quieter years during the peak of the GFC when people acted a little more prudently, the last few years have been bouyant for new car sales.
In 2011 1,008,437 new vehicles were sold and in 2012 1,112,032 new vehicles.
WA in particular was very strong with a 16.9% increase in new car sales in 2012. Tasmania is "dragging the chain" with only an increase of 1.3% in 2012. WA, ACT, NT, and QLD all experienced growth in new car sales greater than 10% in 2012.
Must be a great time to be a new car salesperson!
Cheers
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506505
Reply By: Member - Phil G (SA) - Monday, Mar 11, 2013 at 00:53
Monday, Mar 11, 2013 at 00:53
Gday Axle,
Carsales tells me tonight they have 229,790 vehicles for sale on line!
Yeah, with the high aussie dollar, the price of new cars hasn't gone up in 20 years - a corolla is still a $20k car. So for a lot of people it's a bit of a no brainer - new car is cheap, comes with 3 year warranty, so no repair costs and maybe fixed price servicing and roadside assistance. Better safety, tyres etc etc
Why would you spend $15k on a 3 year corolla - only 3/12 warranty, add stamp duty, big service costs ....
But like you I wonder what happens to all those used cars - there's got to be a stack of them out there waiting to be sold.
Cheers
Phil
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506536