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As leisure loan specialists it was no surprise for us to hear that SUV sales in Australia have been experiencing a bit of a boom lately.
August 2015 new car sales figures (VFACTS) revealed the sales of SUVs increased by almost 20 per cent since August of last year. While medium and large SUV sales have increased it was small SUV sales that increased by over 50 percent.
All this makes sense to us as an SUV is much better equipped to tow camper trailers, caravans or a boat compared to everyday passenger cars.
In fact, passenger car and commercial vehicle sales decreased over this time by 4.6 and 6.1 percent respectively.
Both private and business buyers have been leaning more towards SUVs, while only sales to government actually reduced over the past year.
Vehicle sales as a whole increased in most states and territories across Australia, particularly in New South Wales at 7.5 per cent. 5.9 per cent in Queensland, and a big 20.6 per cent in Tasmania. Only the Northern Territory, Western Australia and South Australia experienced a decline in vehicle sales.
As for brands, Toyota looks to be the most popular holding 16 per cent of the Australian market, followed by Hyundai at 10.5, Mazda at 10.1 and Holden still holding on at 8.7 per cent.
The top selling cars in August 2015 were;
- Toyota Corolla – 3,050 sales
- Mazda3 – 2,673 sales
- Holden Commodore – 2,144 sales
- Hyundai i30 – 2,098 sales
- Ford Ranger – 2,096 sales
The Australian market is a competitive one, which means manufacturers are continuously working to improve the safety, security, and environmental features of cars sold here, giving us the option of a range of world class cars built for Australian conditions, all at globally competitive prices.
If there’s a car or SUV you have your eye on, talk to the team at Loyalty Loans today. We can help you with a car loan or leisure finance to get you out on the road in the right vehicle for you.