Values in a viral spiral
HOW WILL the COVID-19 pandemic affect the value of your car? The answer, as in so many cases, is it depends. Demand has clearly slackened for new cars, but at a time when many are feeling the pinch, the used car market can often be relied upon to step up. While new car sales fell by 52.3% in April, the fleet used car sector in Australia was also hurting.
“We’ve seen a mass exit of
