Carsales.com has announced its eyewatering profits as Australia’s used car market continues to grow.

Since the start of the pandemic carsales.com’s profits has gone from $75 million to $416 million highlighting the demand for second-hand cars.

Motor Trades Association WA CEO Stephen Moir told Oliver Peterson on Perth Live there is no sign the used car market is slowing down.

“These are very interesting times we are living in,” said Mr Moir.

Press PLAY to hear why there is so much demand