Used car prices continue their slide in Australia

Is now the perfect time to trade in your car?

Used vehicle prices in Australia continued on their downward trend in August this year, though they still remain higher than in pre-COVID times.

Financial intelligence company Moody’s Analytics says the decline in used vehicle prices was expected, with global vehicle production increasing and price pressures in the used car segment easing.

The data firm reports overall used vehicle prices are 2.2 per cent lower than they were in…

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