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Prices Paid for New Cars

The median average price of a new car in Australia has increased by 21% since Jul 2019

Biggest Increase (Brands)

Biggest Increase (Models)

With acute supply issues largely relating to the pandemic of 2020/2021 and strong demand, new car prices have risen strongly well beyond inflation. The chart above is compiled using 405496 datapoints over the last few years and illustrates what people have actually paid rather than any list price increases over the period.

There are in fact three distinct reasons why people are paying more for new cars

  • 1. Discounts from the car dealers have dried up as supply dwindles
  • 2. Car makers have taken the opportunity to increase their prices
  • 3. In some cases, car makers have dropped off the lower-end and less profitable variants

Please note that these data is intended as a guide only. Where we don’t have enough data to provide a meaningful guide, we have omitted the make/model.

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