A Soar In Used Car Prices
In the recent years after COVID-19, the prices of second-hand cars Canberra soared immensely, up to 21%. The main reason for the price hike is a shortage of new cars in the market due to supply chain issues.
The latest reports provided by Moody’s Analytics said that there will still be an increase in used car prices by the end of 2022 before they slip back to normality in 2023.
Car Buyers Are Eagerly Waiting!
With the shortage of new vehicles, Australia also suffered from tightening in the supply of used cars. Many car buyers who have booked new vehicles cannot buy them due to a long waiting period of 146 days.
And when they try to look at the used-car market to fulfil their needs, they are met with a tight supply and elevated prices.
Good News For Car Owners
Private buyers and many car dealers are scouting their previous customers and asking them to sell their cars back. Moreover, because of low vehicle turnover, the situation is also getting quite competitive in many car auctions.
To summaries, if you have a car that is in high demand, then there are many interested parties willing to purchase your second-and car in Canberra for top prices.
Here is a list of the most in-demand cars and why they are the best in the market.
1.Mazda3 Neo Hatchback (Small Passenger Car Category)
Mazda3 is an ideal compact car to fit a small family. It comes in both hatchback and sedan styles. Moreover, it features a lively engine, low operating costs and great fuel economy. Its cabin is fitted with high-end materials and has supportive seats and useful tech features.
2.Skoda Octavia Ambition 110TSI (Medium Passenger Car Category)
Skoda is renowned for its reliability. And Octavia has performed consistently well and receives high ratings from its users. 110TSi is seriously efficient in propelling a 1250kg wagon from 0-100 in a decent 8.3 seconds.
When it comes to family wagons, it is an amazing choice, with fuel consumption being just 5.2L/100km. Easily the best choice in medium sizes passenger cars category.
3.Ford FGX Falcon XR6 (Large Passenger Car Category)
Ford Falcon is a good sturdy car for large passenger vehicles. It is a comfortable, powerful, and reliable car with a 4.0-litre petrol engine.
Even though Ford stopped its production in 2016, its 2015 model is still in high demand due to its reliability, and the best part is it’s easy to repair.
4.Honda HR-V VTi (Small SUV Category)
Honda HR-V VTi is the best compact SUV when considering its road-holding abilities. This vehicle has comfortable steering with the right amount of feel. Offers comfortable first and second-row seats with plenty of cargo space for an enjoyable ride.
5.Mazda CX-5 Maxx (Medium SUV Category)
If there is a car that has been appearing year after year on the list of the best used car, it is Mazda CX-5. The highest-rated crossover SUV offers a high-quality interior and a competitive price.
It has been given 5 stars for its safety and reliability, making it a perfect family car.
6.Subaru Outback 2.5i (Large SUV Category)
If you are looking for a good used wagon, Subaru Outback is the choice of thousands of vehicle owners. This car comes with large cargo space, a roomy interior, standard all-wheel drive, and a smooth driving experience even on rough pavements.
You Have The Car In The Above List – Now What?
If you have a high-demand car and are looking to sell my car in Canberra, there are a few options for you.
You can either choose to sell your car to
- Private Buyers
Private buyers and dealerships are great options if you are good at haggling. Still, if all of that seems like a hassle, you can opt for car buyers such as CanberraCashForCars. They pay you a competitive cash for cars in Canberra and will purchase your vehicle within a day.
The first two options that are private buyers and dealerships will offer you the most profit. But the third option will offer you ease and top cash up to $9,999 for all makes and models of cars.