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Used car prices 37pc above pre-COVID highs A global microchip shortage has cut the supply of new vehicles, fuelling demand for used cars as Australia’s economy recovers. Motoring by Lachlan Moffet Gray Premium Content Subscriber only Used vehicle prices continued a "relentless path higher" in the first quarter of the year as Australia's strong economic recovery, combined with new vehicle supply constraints, pushed the cost of a preloved car 37 per cent above pre-pandemic highs. A report by Moody's Analytics senior economist Michael Brisson shows t...

Closed borders stretch purple patch for JB Hi-Fi, Super Retail Save Share The purple patch being enjoyed by retailers of home entertainment and office electronics, furniture and leisure equipment such as four wheel drive accessories and camping gear could last another year after advice that international borders may not reopen until 2022. The chief executives of electronics and appliances retailer JB Hi-Fi and Super Retail – which owns Supercheap Auto, sporting goods retailer Rebel and outdoors chain BCF – expect their sweet spot of buoyant consumer spending to continue while overseas tra...