Buy or wait? Used cars are cheaper and most sold after a price cut
The same used car is about $1,600 cheaper than a year ago, and most of the cars that sold had a price cut first. Should you buy now or wait? Here’s what the data says.
About Carma Market Insights
Carma Market Insights brings together Australian used-car market data, explainers and tools to help consumers understand what used cars are worth, how values are changing and where the market is heading.
Carma Market Insights makes sense of Australia’s used-car market. We combine market-wide listings data with what we see every day buying and selling cars to track what cars are worth, how quickly they’re moving and where the market is heading.
Our analysis explains what is changing, where value is shifting and what buyers and sellers should know.
Who's behind it
Lachlan MacGregor
Co-Founder & CEO, Carma
Lach brings a strong background in markets, investment and data-led analysis to Carma Market Insights. Before co-founding Carma in 2021, he held senior roles across investment management, private equity and investment banking, including at Alphinity Global, Platinum Asset Management and UBS. For Carma Market Insights, Lach leads the methodology and broader market analysis, connecting economic conditions with shifts in used-car pricing, demand and value.
Peter Willis
Director of Buying, Carma
Pete has nearly three decades of experience across vehicle valuation, auctions, stock acquisition and pricing. Since 1997, he has worked on the front line of the used-car market, building a deep understanding of how vehicles move, what drives demand and how values change over time. As Carma’s Director of Buying, Pete oversees vehicle sourcing and pricing. For Carma Market Insights, he brings practical market expertise to the data, helping explain what changes in supply, demand and value mean for buyers and sellers.
