You might not be able to choose when to sell a car due to personal reasons, but if you do have the option to sell the car ahead of time, you can take advantage of this.

Australia’s buying patterns for cars are influenced by its climate, which is among the most varied in the world. Going to the market at the right moment will save you time that can be spent on better things. The weather in Australia, from the tropical north to the more temperate south, can influence the average time it takes to sell a given type of car and make the most profit.

Here are some major factors that can influence you selling experience : 

The Seasonal Patterns

Summer 

In general, the summer months of December through February are favorable for car sales. There is typically a spike in consumer spending throughout the holidays and at the beginning of the new year. When incentives come in, a lot of individuals feel like making big purchases, like vehicles. Before going on summer road trips, families might be wanting to update their cars.

Winter 

Winter is when we hibernate, particularly in southern regions and highland areas where cold and snowy conditions are common. The days are shorter, and little seems to get done except stay under the duvet for a little while longer. It’s a fact that no one is wanting to buy in the winter, so don’t waste time selling during that season. 

Autumn 

Selling a car in the fall, from March to May, can also be profitable. People may start looking for cars for the upcoming winter season.. Cars with features like all-wheel drive and heated seats, or ones that function well in colder climates, may do especially well during this time.

However, be prepared for lower pricing and a longer lead time as autumn can be a busy period for this kind of business.

Spring 

Spring, from September to November, is arguably the best time to sell a car in Australia. When to sell depends on the kind of automobile you’re selling, but spring is usually the best selling season. Spring is a preferable selling season because the weather is neither too hot nor too cold. It is also the ideal moment to buy and sell real estate.

Additionally, tax refunds often arrive during this period, giving potential buyers extra funds for a new car. Due to rising demand, the spring is a good time to sell a recreational vehicle.

Economics Factors

When people feel comfortable in their employment and finances, they are more inclined to make large purchases like cars but they need a stable economy to get that spending power. Therefore when the economy is fluctuating or not doing well, car sales may drop as people try to manage their budget.

Since financing becomes more accessible to consumers, low interest rates can increase sales of cars. Watching the Reserve Bank of Australia’s interest rate announcements will assist you schedule your sale for a period when potential purchasers will have greater financial freedom.

Market Demand 

Tracking trends in car sales is possible via websites such as Carsales, Gumtree, and Autotrader. Take note of how many similar cars are listed, how long they are listed for, and how much they sell for.

Reports and publications from the automotive industry offer insights into market trends and projections. Keeping an eye out for such information will increase your insights.

Tips For Selling Your Car

• Maintain the car properly, get it serviced, and take care of any urgent issues. Well maintained cars tend to go for a higher price.
• Try to sell your older vehicle before it has 100,000 miles on it if you’re thinking about doing so. Once this number passes, the value of your car will significantly decline.
•  Invest in high-quality photos to highlight the features of your car.
• Be ready to negotiate with possible purchasers. To seal the deal, know your lowest reasonable price but maintain your flexibility.
• Prepare all required documentation, such as the ownership documents, registration, and service history. 

Next Steps

After you have found the right buyer and sold your car for the desired price. DO NOT forget to file for a Notice of Disposal (NOD) to inform the authorities that you no longer own the car. It is a crucial part of the car removal process . Read more about this on When to Submit Notice Of Disposal NSW? – Complete Guide

Conclusion

If you want to sell an unwanted car in Australia it’s preferable to go for summer months rather than winters but most importantly there are other factors that also influence the selling price of your car so it’s better to do a detailed research and be ready to negotiate.