I am looking for Car to buy, I thought prices will be lower in June due to end of financial year but it's the opposite, prices have gone up. Is it common for the prices to go up in June.
In Carsales app, I can see the notifications for price increases.
Some cars price increased by more than 10%. End of May to June 1st most of the prices gone up for the car I am looking for. Also Hyundai had ABN promo of $1000 and no dealers wants to pass on that.
I think that when Bank loan deferrals stop in September due to Covid19 financial hardship applications, then you will see the drop in sales IMO
What model were you looking at? Maybe there is stock issues.
I am looking for Santa Fe Highlander, I took the screenshots but there is no way to upload it here.
So many different factors at play here it's not funny. Just saying a specific car has gone up in price, doesn't mean that brand, or the market, has increased.
I am also looking for a car and surprised the see them flying off the shelves so to speak. You think that Covid19 will impact the car sales but actually in my view it seems the opposite. That is from my experience of the particular car I'm looking for.
With less people catching public transport people are buying cars, early super access coupled with jokeeper payments are helping IMO.
Could be stock issues like the Ford Ranger as they stopped making them in Thailand and have only just restarted and Ford Aus have requested overtime to get more utes into AUs
I've noticed the same thing … its bizarre !!
I am hearing that new sales have cratered, but second hand demand is stronger as people who might have bought new now seek secondhand.
If I was planning to buy, I would hold off. Car manufacturers are reporting huge losses, which will definitely result in lower new car prices. That will tempt back some second hand buyers.
I think prices are reflecting the supply chain disruption of the last 2 months, rather than supply/demand. And when supply resumes predictably the number of new cars will push all prices down.
I’m in the process of buying a car for myself and one for work, and this is what I have been experiencing. It’s like most dealers haven’t heard that there is a downturn…
The other things is, as the used car market dries up, inevitably, people have to turn back to the new car market. Dealers that usually had plenty of stock of used vehicles now have very limited stock that sells out quickly, so they are trying to push their ageing new car stock, and because there is no used stock, they can jack or maintain new car stock prices because that’s the only option to buy…
I've been taxi driver for a friend that recently moved here and looking for new car that's needed for work so been to loads of showrooms past few weeks and they're all full of people looking at new cars. Even the Porsche showroom we popped in. Don't think it's affected lots of people at all.
He's now set his heart on a white Discovery Sport… shudder
Friends don’t let friends buy Land Rover…
And I’ve had the opposite, every car yard I have been in over the last month and a bit has been totally devoid of people, including staff. I think there has been a big shift to just phoning or emailing your orders in. And I’ve found that when I do get to speak to a salesperson, it’s the same story… “sticker price is our best price…”
I've said before, but likely depends on the brand. We've been busy, but I'm guessing people want reliable and dependable, and might stay away from your VW's etc.
Are you all buying from the same brand?
It’s like an eBay coupon sale… prices get pushed up so the make believe discount can be taken off the inflated price.
Was quoted $4,000 over manufacturers website quoted RRP today and then got offered a $2,500 discount on that price. Oh yay… please, just shut up and take my money…
And it’s crazy. I usually have cars on my Carsales watch list for a few weeks to 2 months and lately, I can put a car on there and 2 days later, it’s sold. It’s down to about 2 days to a week as most these vehicles are lasting.
People are getting money from their Super…
AUD has been down lately, could impact new car prices
AUD has the same value it had 12 months ago.
Don’t forget the dollar dropped which will increase prices. There are also supply issues which will increase demand and therefore price.
If you were looking in ACT the recent mega hail storm meant a heap of people were spending their insurance money on new cars so a level of inflation…
I just looked at a Honda I sold for $7k about a year ago,
As of today on car sales the exact same model the asking price seems to have increased to about 8k+
Very very surprising
Definitely must be covid related
Where are you getting prices from?
Seller asking prices are not a very good indication of the value or price of a car. Dealers and private sellers are just taking the piss with some of their listed prices.
Yes true.
When I was selling the asking price was around the mid to high 7ks
Now 12months later the asking prices are 8k plus for a 1yr older car
sounds like an Ebay sale to me
I can wait till 29th of June … :)
I would have thought that with so many people losing their jobs and businesses, that car prices would be dropping?