The used car market is now showing signs of recovery in Australia as both lending and lockdown restrictions begin to ease. “In the grip of the uncertainty caused by the global pandemic in March and April, many used-car dealers, wholesalers, and new-car lots were offering lower-than-normal trade-in values – or refusing to buy stock,” said CarAdvice. Strict lending practices and an increase in finance application knock-backs were part of the issue, although the market is improving. (Source: CarAdvice) Read the original story…
