Tag: used cars dealerships

Used cars continue to get cheaper, new research findsUsed cars continue to get cheaper, new research finds

August 10, 2024| 9:14 am

Australian wholesale new vehicle prices have fallen 12 per cent from their peak in May 2022, as normality returns to the wider supply chain and demand for pre-loved car cools. The Q4 Used Vehicle Price Report found used car prices have now decreased for seven successive months, and in January 2023 they had their first year-on-year decline since May of 2020. Moreover, used car prices are expected to continue returning to earth during 2023 as new car supply improves, and demand weakens on the back of higher borrowing costs and inflation. For more Motoring related news and videos check out… [...]

Facebook Marketplace Bans Dealers From Posting Used Cars For SaleFacebook Marketplace Bans Dealers From Posting Used Cars For Sale

May 14, 2023| 12:03 am

Facebook Marketplace is that magic place where everyone can offer their used vehicle and reach hundreds and thousands of potential buyers. If you are an authorized dealer, however, as of January this year, you are no longer able to publish listings on the platform via the Facebook business page. Industry specialists believe this is an attempt from Meta, Facebook’s parent company, to push car dealers toward paid advertising. In an official press statement, the social media company said it is “simply changing how inventory may be displayed in the future” and that “for auto businesses, we continue to invest [...]