Second-hand petrol car prices plunge as cheap Chinese EVs flood Australia
Australia's electric vehicle boom is decimating second-hand petrol and diesel car prices as buyers switch to cheaper new EVs. Used listings peaked at 437,855 in July, with 98 percent being traditional fuel vehicles that sellers struggle to offload. New entry-level Chinese EVs selling for $20,000-$30,000 with factory warranties are directly competing with five-year-old used cars at similar prices.
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Published 16 Oct 2026, 18:00 UTC · Updated 16 Oct 2026, 18:12 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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