used car prices falling

Short answer: yes—Australia’s used car prices have come down from their 2022 peak, and the sugar rush is over. Improved new‑car supply, higher interest rates, and saner wait times mean values have cooled, with double‑digit declines in many segments. EVs and near-new ex-fleet stock have softened fastest, while popular 4x4 utes and rugged SUVs are still hanging on like a galah in a headwind. Expect a gradual, not dramatic, slide from here, and remember condition, kilometres, and service history still trump the headlines when you’re buying or selling—Tradingpost is a handy reality check on actual asking prices.