A recent report from the Federal Chamber of Automotive Industries has shown a new sales record with Australians buying over 1.5 million new passenger cars, SUVs and commercial vehicles in 2015, a 3.8% increase compared to 2014 sales.
Toyota was still the top selling brand with 17.8 per cent of the market, followed by Mazda and Holden. This also reflects in StreetFleet’s leasing figures.
The FCAI industry report also showed SUV sales in particular continued to boom in 2015 with a 4% increase, now covering around 35.4% of the Australian market. Passenger vehicles still remain the largest selling segment though, holding 44.6% of the total market in 2015.
Private sales increased by 3.7% and business sales increased by nearly 5% compared to the previous year.
Thanks to the competitiveness of the market, new car buyers can now access a more extensive range of different finance options such as novated leasing, operating and finance leasing or chattel mortgage.
“We urge new car buyers to really consider all options before opting for the more traditional car loans, as they might miss out on some considerable tax savings.
Buyers always compare several car brands before buying so it only makes sense to also compare finance options to get the best solution for your specific situation,” says James Ehmann, National Manager for StreetFleet.
To access the full report please click here.