when will used car prices drop in australia

Short answer: they’re already easing. After pandemic highs in 2022–23, Australian used-car prices have been sliding through 2024–25 as new-car supply normalises and fleets offload stock. Don’t expect a cliff; it’s a slow jog downhill, with EVs and thirsty large SUVs softening faster while utes and low‑km hybrids still hold their ground. If rates stay sticky and supply keeps flowing, expect further gentle declines over the next 6–12 months, but any supply shock or juicy rate cut could pause the slide. Shop around on Tradingpost to see real‑world asking prices inching back to reality. So yes, relief is here—just not the fire‑sale you were dreaming of.