Australian Used EV Prices Jump 6% Amid Oil Price Spike
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- MotorMetrics reported Tesla Model Y used‑EV price rose over 6% in the last two weeks of March, with Model 3, MG4 and Polestar 2 also climbing.
- MotorMetrics data shows used‑EV inventory is low while used diesel and petrol cars saw sticker‑price cuts of up to 20%.
- Turo Australia said rental bookings for EVs and hybrids jumped 70% year‑over‑year, according to managing director Rob Chan.
- Commonwealth Bank data shows weekly EV loan volume surged 161% in March compared with February.
- Electric Vehicle Council notes 454,000 battery‑electric and plug‑in‑hybrid vehicles were on Australian roads at the end of 2025, giving EVs about 13% of new‑car sales.
- Informed Sources data records petrol prices rose almost daily across capital cities in March before a fuel‑excise cut halted the climb.
- Peter Esho warned the current oil shock could be “one of the last” and may dramatically accelerate EV adoption.
Why it matters: Dealers and rental firms profit from higher used‑EV prices and surge in bookings, while buyers of used diesel and petrol cars face steeper price cuts; the shift also boosts EV loan volumes, signalling a rapid reallocation of consumer spending toward electrified transport.
