Toyota tops used-car price surge
Being Australia’s favourite new-car brand plays out in the used-car market too, new carsales research revealsToyota isn’t just Australia’s number-one new-car brand – it’s also leading the charge in used-car price appreciation.
That’s the takeout from research based on carsales listings released this week.
And it’s not just Toyota LandCruiser 200 Series or Prado. There’s been significant appreciation across all of Toyota’s major model lines based on the period of 12 months to December 2020.
The Toyota Corolla hatch median price was $15,995 in December 2019, but a year later was fetching an average price of $18,984 – an 18.7 per cent jump.
It was the same with sedans, the Toyota Camry increasing in average price from $16,990 to $20,990. That equates to a 23.5 per cent step.
Toyota SUVs and the Toyota HiLux ute have been valued higher since the pandemic lockdowns, with the Toyota RAV4 increasing from $22,990 to $27,990 for a 21.7 per cent hike.
The LandCruiser 200 Series has leapt 52.2 per cent, from $45,990 at the end of 2019 to a staggering sum of $69,990 as of the end of 2020.
Not quite as spectacular as the LandCruiser’s rise, the Prado is however pushing past $51,990 as of December 2019, a 36.9 per cent gain on the figure of $37,990 from 12 months earlier.
And the Toyota HiLux has picked up a 48.1 per cent gain, rising from $27,000 in December 2019 to $39,990 in December 2020.
Although the price of individual used Toyotas has shot ahead, it doesn’t mean that Toyotas were the only models to appreciate.
Among popular hatchbacks, pricing for the Honda Civic rose by 19.8 per cent, which was stronger than the Toyota Corolla. In sedans, the Mazda3 (25.1 per cent) outshone the Camry.
Toyota was the strongest brand in terms of price appreciation in SUVs, with three models listed. But of the top five searched SUVs, it was the Volkswagen Tiguan that actually increased in average price by the highest percentage – 58.4 per cent.
Based on carsales listings data, here are December 2020’s most-searched vehicles by categories, in order of search numbers, with median price change percentages between December 2019 and December 2020.
Used hatchbacks:
- Toyota Corolla +18.7%
- Mazda3 +16.1%
- Hyundai i30 +14.5%
- Volkswagen Golf +16.9%
- Honda Civic +19.8%
Used sedans:
- Mercedes-Benz C-Class +5.4%
- Mazda3 +25.1%
- Holden Commodore +19.0%
- Toyota Camry +23.5%
- Mercedes-Benz E-Class +7.2%
Used coupes:
- Mercedes-Benz C-Class +1.2%
- Mercedes-Benz E-Class +6.4%
- Ford Mustang +10.7%
- Mercedes-Benz CLA-Class +3.1%
- BMW 3 Series +10.5%
Used SUVs:
- Toyota RAV4 +21.7%
- Mazda CX-5 +21.6%
- Toyota LandCruiser +52.2%
- Toyota LandCruiser Prado +36.9%
- Volkswagen Tiguan +58.4%
Used utes:
- Toyota HiLux +48.1%
- Ford Ranger +35.5%
- Toyota LandCruiser +30.5%
- Mitsubishi Triton +31.2%
- Nissan Navara +39.7%
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