Australia’s used car market is in overdrive as dealers chase customers to buy back vehicles

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Supply chain issues cause unprecedented demand and wait times for used cars pushing dealers to contact private sellers directly

Australia’s used car market is in overdrive with a shortage of vehicles leaving dealers chasing former customers to offer competitive buy-backs as they scramble to fill their lots.

In an email seen by the Guardian with the subject line “We want your Mazda3!” a New South Wales car dealer emailed former customers offering to buy back the cars they sold them years ago.“We are paying top dollar for your vehicle and even better, you will RECEIVE the money SAME DAY! How good is that?” it said.

Australia’s new and used car market is experiencing unprecedented demand, due largely to supply chain issues. Paris Lord received text messages from a car dealer before he sold his 2017 Mitsubishi Outlander online.“I was selling it privately for a reason and didn’t want their alleged service,” Lord said. “One of them took it for a test drive and still wouldn’t increase their offer. Usual palaver. ‘Aww mate, the tyres need replacing’, blah blah.

 

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