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Used car prices are surging as the coronavirus crisis creates a all-around accumulation curtailment – and clashing the new car industry, SUVs are not assertive the buzz market.

Passenger cars, which had accomplished a accelerate in acceptance aback new, were awful approved during the accepted airy bread-and-butter times.

In aloof one week, prices for acclimated Holden Commodores accept surged by 4.8 per cent, Datium Insights abstracts has revealed.

Passenger cars that weren’t alike accepted aback new are awful approved now. In aloof one week, prices for acclimated Holden Commodores accept surged by 4.8 per cent, Datium Insights abstracts has revealed. Pictured is a 2013 VF-series Commodore – the aftermost appearance fabricated in Australia

Even the Ford Mondeo, hardly anytime a accepted best aback new, is igniting secondhand client absorption with its acclimated prices ascent by 4.7 per cent – admitting the actuality the archetypal is no best awash new in Australia

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That is a abrupt adverse to its fortunes as a new car aftermost year, aback exhibit sales dived by 34.6 per cent – as buyers banned of an old Australian favourite advancing from Germany. 

Isuzu D-MAX: up 5.5 per cent

Holden Commodore: up 4.8 per cent

Ford Mondeo: up 4.7 per cent 

Ford Ranger: up 3.4 per cent

Kia Cerato: up 3.2 per cent

Toyota HiLux: up 2.9 per cent

Holden Colorado: up 1.5 per cent

Hyundai i30: up 1.4 per cent

Toyota Corolla: up 1.3 per cent 

Subaru Forester: up 1 per cent 

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Source: Datium Insights abstracts on account acclimated car prices on September 28, 2020 

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Even the Ford Mondeo, hardly anytime a accepted best aback new, is igniting secondhand client absorption with its acclimated prices ascent by 4.7 per cent – admitting the actuality the archetypal is no best awash new in Australia. 

Datium Insights arch of abstracts science Tanim Ahmed said a curtailment of alien new cars, decidedly from Japan, South Korea and Germany were above contributors to motorists axis to the acclimated car market.

The accumulation of new cars fell by 10.4 per cent in aloof one anniversary as the COVID-19 crisis created an ‘incredibly volatile’ market.

CommSec chief economist Ryan Felsman said Australians were more affairs secondhand cars to abstain accepting to bolt the alternation or a bus.

‘Demand for secondhand cars abide close during the communicable with Aussies preferring to drive their own cars rather than bolt accessible carriage due to bloom concerns,’ he said.

Secondhand ex-government agile cars are in vogue, decidedly if it has a tray at the back.

This has apparent appeal arise for utes, alike if buyers are absorption to models that are now outdated.

Isuzu D-MAX prices soared by 5.5 per cent, admitting late-model secondhand examples actuality the old archetypal which was replaced beforehand this month.

Ford Ranger ethics climbed by 3.4 per cent, with the late-model ones on the bazaar now set to be replaced in 2021 with an all-new adaptation that is based on a Volkswagen Amarok instead of a Mazda BT-50.

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Toyota HiLux prices added by 2.9 per cent, admitting the actuality a face-lifted archetypal was appear in backward August. 

Before the pandemic, acclimated cartage commonly attenuated aback a new archetypal was unveiled. 

Isuzu D-MAX prices soared by 5.5 per cent, admitting late-model secondhand examples actuality the old archetypal which was replaced beforehand this month

The SUV bazaar was addition surprise, with Toyota RAV4 ethics falling by 1.3 per cent in one week, admitting the average high-rider actuality Australia’s best accepted new car in July and August. 

Toyota Kluger ethics fell 2.2 per cent but Subaru Forester prices accept added by one per cent. 

Overall acclimated car prices rose by 2.1 per cent in the anniversary to September 28.

Ute prices rose 5.8 per cent, active the secondhand market.

Former board agent prices rose 5.4 per cent as above government agile car prices added by 4.7 per cent. 

Ford Ranger ethics climbed by 3.4 per cent, with the late-model ones on the bazaar now set to be replaced in 2021 with an all-new adaptation that is based on a Volkswagen Amarok instead of a Mazda BT-50

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