Aussies to Wait 2 Years Before Used Car Prices Drop

Aussies to Wait 2 Years Before Used Car Prices Drop
New cars await delivery at the Altona Toyota manufacturing plant in Melbourne, on Feb. 10, 2014. Paul Crock/AFP via Getty Images
Rebecca Zhu
Updated:

Australians looking to buy a reasonably priced car may need to wait for another two years for prices to go back down, and even then, its unlikely to go down to pre-pandemic prices.

Ajay Bhatia, the managing director of Carsales Australia, told The Epoch Times that he believes car prices have plateaued and will remain elevated for the next two years.