With used prices now at 123% of January 2020 levels, will their downward trajectory continue at the same rate and which segments are most impacted and why?
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RedBook has been operating in Australia since the 1940’s and is part of CAR Group Ltd (ASX: CAR), CAR Group Ltd's subsidiary, carsales.com.au Pty Ltd owns and operates the largest online automotive classifieds business in Australia.
RedBook supplies data to a variety of industries including Automotive, Finance, Insurance, Professional Services and Government Departments – across eight countries.
After more than 70 years in the business, with an Australian headquartered operation, covering Cars, Bikes, Trucks, Boats and Caravans; RedBook is a technological leader, applying the latest in machine learning and AI to assert our standing as the experts in automotive specification data, pricing analysis, valuations and forecasting.
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The RedBook Insider: GRAND SALE
With MG's bold $30,990 drive away offer on the awarded MG4 EV, we thought we take another look at the rise in special offer activity at present.
The RedBook Insider: Fuel Type Retained Values
Why have BEV retained values dropped faster than other new energy vehicles, particularly since late 2022?
The RedBook Insider: Has the Music Stopped for Luxury Cars?
At the midpoint of 2024 & +9.3% on last year's record new car market, is it good times for all or are there some concerning underlying trends to be aware of.
The RedBook Insider: Are PHEVs Suddenly Relevant?
Plug-In Hybrid Electric Vehicles (PHEV) are making waves right now, up a huge 130% on PYTD. Is all the buzz linked to special government incentives or are Australian's embracing this powertrain for other reasons.
The RedBook Insider: RedBook Launches Rego to ID for Motorcycles
The motorbike Rego to ID solution makes getting a detailed make, model, year, variant, a seamless, efficient and most importantly accurate process.
The RedBook Insider: RedBook Uncovers Vehicle’s Running Costs
New vehicle intenders are increasingly searching for transparency associated with keeping a car on the road over its life. With the average car being over 10 years old in Australia1 evaluating and comparing cars as part of your research journey just became a whole lot easier.
The RedBook Insider: NVES Potential Impact on Residuals
Arguably the most hot-button discussion at present amongst the industry is the proposed introduction of a New Vehicle Efficiency Standard (NVES) in Australia.
The RedBook Insider: RedBook Assists Used Car Safety Ratings
This month heralded the publication of latest annual Used Car Safety Ratings (UCSR) report from the widely respected Monash University Accident Research Centre (MUARC). The 2023 UCSR report covers vehicles with a 2021 model year and older, the rating of each vehicle being formed from statistical analysis of more than nine million vehicles across Australia and New Zealand involved in accidents.
The RedBook Insider: EV Price Movements & Future
With 2023 coming to a close, we’ve been reflecting on the positive territory that EV’s have made in a relatively short period. Since 2020, Battery Electric Vehicles (BEV) have grown from 0.8% share of the total vehicle market to being on track for 8-9% share by year end. Whilst Tesla holds the lions share, recent market entrant BYD and Volvo offshoot, Polestar, have gained a foothold quickly, with expectations for the former to rival and topple Tesla has the #1 EV brand in volume in 2024.