Australia’s used car market is ‘going bananas’ with huge price increases after Covid

Second-hand cars are going for big money because of a shortage of new models but buyers should be wary of dodgy operators trying to capitalise on the market, car experts revealed. 

Used cars sold for a 65 per cent higher price tag in the first quarter of 2022 than they did three years ago – and even 18 per cent more than just six months ago, new data from Moody’s Analytics shows.

For example the Suzuki Jimny, a very popular small four-wheel-drive, has jumped about $20,000 in second-hand value…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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