Used vehicle prices on downward trajectory

Has the used vehicle boom been a good thing for the collision repair industry? On the one hand vehicles that would have previously been deemed a total loss are being repaired, on the other hand less vehicles being scrapped has exacerbated the parts shortage. However the Australian wholesale used-vehicle prices are now on a sustained downtrend. The Datium Insights-Moody’s Analytics Used-Vehicle Price Index dropped to 171 in December, down 12% from its peak in May. Increased…