New Vehicle Market -2015, a record breaking year.

ABS:'

2015 was a record breaking year for sales of new cars, SUV's and commercial  vehicles in Australia with over 1.1million new sales.'

These favourable market conditions for buyers were in part assisted  by a period of stronger AUD, lower interest rates, strong competition amongst manufacturers and vehicle finance lenders.

Recent declines in overseas share markets, some negative economic reporting overseas ,together with a weakening downward trend in the AUD can create confusion for new car buyers. A weaker AUD usually translates to higher cost of a vehicle import and at some point this may reflect in higher pricing for new vehicles.

However, at present sales competition remains strong and interest rates low.

Please  give us a call if you are thinking of purchasing that new vehicle, as we welcome the opportunity to find the best finance option to make that special purchase a reality for you.

 

 

Posted in: Car loans & leasing

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