It's officially the 'best time on record' to sell a used car, new data claims

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There has never been a better time to sell a used car in Australia, with prices skyrocketing for the fifth consecutive month in September to sit almost 30 per cent higher than they were at the same time last year. According to the latest data from global economic research company Moody's Analytics, wholesale prices for used cars last month increased by another 3.8 per cent on August figures – or precisely 29.9 per cent higher than 2019 prices.

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