Used car listings are drying up as demand soars

Listings for used cars in Australia have recorded a marked year-on-year decline, while prices are heading in the opposite direction, breaking records thanks to a fall in supply across the board. According to recent data from JP Morgan, overall listings at Carsales for the second half of 2020 were down 20.5 per cent year-on-year, with private listings in particular dropping 45.7 per cent in the second half of 2020 compared to the same period in 2019.