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Whats the outlook for EVs, new and used cars? | The Business

As interest rate rises bite and spending slows, used car prices are starting to fall. The Moody s Analytics used car price index shows used vehicle price growth is again in negative territory after two consecutive months of price gains. Second-hand car prices are down 13 per cent from their peak in May 2022, but still well above their pre-pandemic levels. So is there further to fall, or will supply issues and resilient consumers keep a floor under them? Steven Bragg, partner at Pitcher Partners, says he expects the former. Subscribe: [ 🔗 Click ‼️ ] ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It s news when you want it, from Australia s most trusted news organisation. For more from ABC News, click here: [ 🔗 Click ‼️ ] Watch more ABC News content ad-free on ABC iview: [ 🔗 Click ‼️ ] Go deeper on our ABC News In-depth channel: [ 🔗 Click ‼️ ] Like ABC News on Facebook: [ 🔗 Click ‼️ ] Follow ABC News on Instagram: [ 🔗 Click ‼️ ] Follow ABC News on Twitter: [ 🔗 Click ‼️ ] Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia :::: Visit my YouTube channel @ ABC News (Australia) ( [ 🔗 Click ‼️ ] News (Australia) )


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