Australian used car prices plunge as cheap Chinese electric vehicles arrive
Prices across Australia's secondhand vehicle market are falling sharply as an influx of budget-friendly Chinese EVs resets buyer expectations. Dealerships face mounting inventory as affordable new models make overpriced older petrol cars harder to sell.
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AI-assisted summary of the sources above. General information only, not financial advice.
What Reddit is saying: Car owners on r/CarsAustralia welcome the correction, comparing cheap Chinese imports to earlier shifts in home appliances and solar gear.
Top comments on r/CarsAustralia
Good news. China is now doing to cars what is done for TVs, microwaves ovens, cordless tools, solar panels, and all other other consumer goods.
Used cars (and new cars) were a good deal until COVID...I would think of this as more of a reset than a "bargain."
I remember someone posting here asking why they weren't having any luck selling their 10 year old Mitsubishi ASX with 150,000km for $20,000. You can get a brand new Chery Tiggo 4 petrol for $23,990. You can get a full EV BYD Atto 2 for $31,990. Right or wrong, if you want your used car to be worth something buy a Toyota.
From Reddit, ranked by upvotes. These are the views of the people who wrote them, not OzGhosty's.
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