Eclipx says 30pc rise in used car prices will stay until 2023

Car leasing group Eclipx expects used car prices to stay 30 per cent higher than what they were before the pandemic until early 2023, with the new vehicle supply shortage across Australia showing no signs of improving.

The group, which operates brands including FleetPlus, FleetPartners and FleetChoice, has 93,000 vehicles on its books via fleet management arrangements and novated leases, and had a profit bonanza in the six months ended March 31.