New car sales at record high
Added on by Etairos Accounting
According to official surveys, consumer confidence is not great at present. However that's hard to reconcile with the fact that sales of Audi, BMW, Mercedes-Benz and Maserati have all hit record highs over the past year. And sales of Sports Utility Vehicles (SUVs) have also clocked up record highs.
This is no coincidence really as there probably hasn't been a better time to buy a new car – at least not in the past 40 years. Car affordability is the best it's been since 1975 – and arguably – depending on the car chosen – affordability has probably never been better.
That explains in part why more Aussies are opting for generally costlier four-wheel drive or sports utility vehicles in preference to traditional passenger cars. And why sales of luxury cars are at record highs. When we combine passenger cars and SUVs, two out of every five vehicles sold is a SUV. And one in ten vehicles sold is a luxury car.
Consumers may say they are wary about the future, but if goods are cheaper, then sales will most likely continue to respond.
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If you're considering a new vehicle. Etairos Finance can help you with the entire process, including purchasing your new car through Vehicle Select. Ask for Paul Cunningham.
(Source: Commsec, March 16 2015)
