7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
The Ford Ranger and Toyota HiLux were once again Australia’s best-selling used cars in March, but electric vehicles and plug-in hybrids saw significant gains. “There were 184,054 used cars sold in March which is a very impressive result considering the number of trading days lost through weekends and public holidays,” said Australian Automotive Dealer Association CEO James Voortman.
“The average time to sell a used car is now the lowest it has been for 12 months which tells us that sellers are becoming more pragmatic and buyers are taking advantage of lower prices of used cars,” said Mr Voortman. March data shows the average time to sell a used car is 44.2 days. This data also looks at resale value for used cars, and overall every segment saw a reduction in retained value except for utes aged 2-4 years.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US inflation March 2024: Fed rate cut hopes fade as CPI runs hotUS consumer prices rose more than expected in March, dampening hopes that the US Federal Reserve would bring forward an interest rate cut.
Read more »
VFACTS March 2024: Big month leads to record quarterly result7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Next US inflation print could make or break 2024Investors aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts this year to bail them out of a heavy pro-cyclical slump.
Read more »
Evening News Bulletin 27 March 2024The federal government fails to rush immigration powers through parliament; Inflation remains unchanged at 3.4 per cent in February; And in sport, the AFL unapologetic about its drugs policy amid allegations of serious misconduct.
Read more »
Evening News Bulletin 26 March 2024A push to amend the laws on immigration detention; The leader of Tasmania's Labor party resigns, after three state election defeats; And in football, Brazil's Vinícius Júnior issues an emotional plea calling for an end to racism.
Read more »
SBS News in Easy English 26 March 2024A daily 5 minute news wrap for English learners and people with disability.
Read more »