Are there any types of cars where new and used prices have not inflated due to COVID?

Looking for a car. Budget is up to $30k but I am after something with least depreciation over the next few years. Used is ok but don't want to pay a covid premium only to have it massively depreciate once stocks are back to normal.

Following on from this thread (https://www.ozbargain.com.au/node/603158), as we know used car prices have inflated significantly due to covid. New car prices too.

Does this only affect SUVs etc? What about sedans? Mazda 2, Corollas, i30s etc

Comments

  • +1 vote

    No.

  • +15 votes

    Hot wheels

  • +9 votes

    I am after something with least depreciation over the next few years. Used is ok but don't want to pay a covid premium only to have it massively depreciate once stocks are back to normal.

    Gee thats rare, you'd be the only one on earth looking for that, so should be piss easy to find.

    •  

      😂

  • +4 votes

    Old, small, manual cars are still reasonably priced (like $3000 for a 14yro w/150,000km) if you want something to drive for 18 months until prices settle down a bit. You will still probably lose some money as prices settle, but if you only pay peanuts, you can't lose too much.
    e.g:
    https://www.gumtree.com.au/s-ad/avalon/cars-vans-utes/2006-h...
    https://www.gumtree.com.au/s-ad/merrylands/cars-vans-utes/fo...
    https://www.gumtree.com.au/s-ad/sydney-city/cars-vans-utes/2...
    https://www.gumtree.com.au/s-ad/bankstown/cars-vans-utes/ren...

  • +1 vote

    Sh1tboxes.

  • +1 vote

    Give it a few weeks after the government cuts off job keeper payments, closes up extracting super and lets people take their Bali holidays again. You will find there will be a glut of cheaper cars clogging up the market after people realise they cant actually afford that 2015 Mustang they bought for $3,000 less than what it was worth new 6 years ago.

    •  

      This mustang you are selling, what is the maximum rpm you have used it at?

      • +3 votes

        Never revved over 4,000 rpm. Can confirm horn also works. Can get a bit tricky at roundabouts and doesn't like slowing up for road works.

  •  

    Ones without tyres.

  •  

    So your only criteria for the car is lowest depreciation. You have nothing else you want, like size, economy, features and you want to spend $30k?

    Start with what you want it for, what size, features etc and work back from there. The worst investment you could make is one where you get the lowest depreciating model and find out you need to change it after driving for 6 months.

  •  

    It you've got $30k, you can buy a Corolla brand new

    The car won't go on special any time soon, so you won't have to worry about lousy resale

    •  

      Thanks!

  •  

    Decide what u want first. Prices are not crazy for new cars. Shop around and see prices and try auto brokers. make sure be clear with dealers that you can wait for right price, my autobroker managed to negotiate an excellent price in September for mazda cx5. I have to wait for 2months though. They started production after I made my initial deposit