The Role of Market Data in Car Valuations

Market data plays a crucial role in determining the value of your car. Here's how Car Buyers Online uses market data to provide accurate car valuations and why it matters for sellers.

What Market Data do we Consider?

Market data includes information about current car prices, demand for specific makes and models, and trends in the automotive industry. This data helps in accurately assessing the value of a vehicle.

How Car Buyers Online Uses Market Data

Car Buyers Online uses comprehensive market data to:

• Compare Prices: Analyse the prices of similar cars currently on the market.
• Analyse Demand: Determine the demand for specific makes and models, which includes the average time on market.
• Track Trends: Keep up with trends that might affect car values, such as new model releases or economic conditions.

Benefits for Sellers

• Accurate Valuations: Receive a fair and accurate estimate for your car.
• Informed Decisions: Make informed decisions about when and how to sell your car.
• Competitive Offers: Get competitive offers based on real-time market data.

Current Market Trends

1. Electric Vehicles (EVs): The shift towards electric vehicles is significant. In 2025, global sales of electric cars are expected to reach new heights, driven by policy support, falling battery costs, and the expansion of charging infrastructure. The demand for EVs is especially strong in China and Europe. Resale of electric vehicles has not been as strong as durable petrol/diesel models.

2. SUVs and Crossovers: These vehicle types continue to dominate the market due to their versatility and perceived safety. Sales of SUVs and dual cab utes are particularly strong in Australia.

3. Technological Advancements: Features such as advanced driver assistance systems (ADAS) and semi-autonomous driving capabilities are becoming more common, increasing the value of cars equipped with these technologies.

The market data we collect is an essential factor in our car valuations. Car Buyers Online leverages this data to provide you with the best possible estimate for your car. Ready to see how much your car is worth? Get a valuation from Car Buyers Online today!