We are pleased to share the Cox Automotive Retail & Wholesale Used Vehicle Market Insights Report for January – March 2025.
It was a dynamic and challenging quarter across the new, dealer-used, and wholesale car markets – in some ways without precedent. The dealer-used sector for Q1 saw higher prices, faster sales and lower volumes. Manheim wholesale volume grew by 5% in Q1, with investments in digital services and auctioneer training boosting performance.
Meanwhile new vehicle sales hit a record in March but fell overall for the quarter due to economic challenges and pre-election fleet cooling. US tariffs will likely impact Australia’s economy, affecting the share market and currency flows. Key issues include the Government’s New Vehicle Efficiency Standard and the US-China trade fight. BEV sales dropped by 30% in 2025, while PHEVs rose, though tax exemptions have now ended.
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