Plenty has been written about record used car prices with much of the blame firmly attributed to the lack of new car supply. While very strong consumer demand has also contributed, the forgotten driver is higher new car prices.

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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: From the Experts – EV Residuals
It’s very hard these days to publish any type of industry update without commentating on Electric Vehicles (EV) and the subject of their residual values (RV) is a hot topic.
The RedBook Insider: Retail Offers on the Way Back
Nothing hints more to a return to ‘normal’ trading conditions than brands advertising special retail offers to entice buyers into the market. While not all offers represent genuine savings, they are a signal to the market that brands are restocked and wanting to increase the pace of new vehicle sales.