After a period of soaring prices driven by post-pandemic demand and supply shortages, the used car market in Perth is stabilizing, and in many cases, shifting in favor of the buyer. The gradual recovery of new car production means more ex-fleet and leased vehicles are making their way into the second-hand market. This increased supply is a key factor in the softening of prices and is expected to continue Used cars perth.

Ongoing cost-of-living pressures are also keeping demand strong for affordable used cars, which offer a more budget-friendly alternative to new vehicles and have already gone through their steepest period of depreciation. As the market becomes more competitive, you can expect to have more bargaining power. Dealerships and private sellers are likely to offer more competitive pricing and incentives to move stock.

The Rise of Electrified Vehicles

One of the most significant trends is the growing presence of electric vehicles (EVs) and hybrids in the used car market. While the used EV market is still relatively young, it’s expanding rapidly. The Western Australian government’s commitment to a low-carbon future, combined with rising fuel costs and environmental awareness, is accelerating EV adoption.

For a savvy buyer, a used EV can mean lower running costs and a reduced environmental footprint. However, a key consideration is the health of the vehicle’s battery. Battery degradation can significantly affect the resale value of an EV, so it’s essential to get a battery health report during the inspection. The depreciation curve for EVs is also distinct, with a sharp initial drop in value followed by a slower decline once the battery’s health has been verified.

Beyond EVs, the demand for fuel-efficient vehicles like hybrids and even some traditional diesel models remains strong, as buyers continue to prioritize low running costs.

The Digital Transformation of Car Buying

The way people buy and sell cars is undergoing a profound digital transformation. Online marketplaces have become more sophisticated, offering features like virtual tours, detailed vehicle history reports, and even online financing. This shift makes the process more transparent and accessible than ever before.

For you, this digital shift means greater access to information. Vehicle history reports are becoming standard, detailing everything from accident history to odometer readings. This increased transparency gives you greater peace of mind and reduces the risks of buying a second-hand vehicle. Dealerships are also adapting by improving their online presence and offering more streamlined digital services. The future of car buying will be a hybrid experience, blending the convenience and transparency of online research with the traditional in-person inspection.

The Enduring Appeal of SUVs and Utes

While new trends are emerging, some things remain constant. The Australian love affair with SUVs and 4WDs shows no signs of slowing down. These vehicles, prized for their versatility and practicality, will continue to dominate the used car market in Western Australia.

As more new SUVs and utes enter the market, their presence in the second-hand segment will grow, ensuring a strong and varied selection for buyers. The high demand for these vehicles means their prices may remain relatively stable compared to other segments. Buyers can expect a robust market for popular models like the Ford Ranger, Toyota Hilux, and Toyota LandCruiser Prado, which have consistently been among Australia’s best-selling used cars.