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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? 

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.

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.

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.

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.

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