LandCruisers 'better than money in the bank' in hot second-hand market, but European badges

LandCruisers 'better than money in the bank' in hot second-hand market, but European badges in the dumps

Demand for some sectors of the second-hand vehicle market have "fallen off a cliff", according to a leading valuer, while demand for needs-based vehicles ranging from "bubble hatches" to Toyota's LandCruiser workhorse remain red hot.

COVID-19 production and shipping delays have created unprecedented demand in the second-hand vehicle market.

But auctioneer and valuer Simon Cotter said with interest rates rising there was now a duality in the vehicle market, with demand for luxury vehicles crashing while workhorses and budget options continuing to sell close to or even above retail prices.

Read More: https://www.abc.net.au/news/rural/2022-07-19/second-hand-landcruiser-kenworth-small-cars-remain-hot-property/101249482