Used car sales surge amid cost of living crunch

Used car sales surged over the course of 2023, and demand is expected to motor ahead as budget-conscious households look to cut spending on luxury items amid the cost of living crunch.

New figures from the Australian Automotive Dealer Association (AADA) and data analytics firm AutoGrab reveal 2.1 million used cars were sold in Australia last year, with monthly sales peaking at more than 200,000 in November – 34 per cent higher than the start of the year in…

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