Save with balance transfers, 0% deals & platinum perks exclusive to finder
Compare cards

Aussies hit the brakes on car sales in July

Peter Terlato 16 August 2016

Car sale

But Victorians have been on a buying-spree since March.

Australian car sales remained flat in July 2016.

The Australian Bureau of Statistics (ABS) reports there were modest gains (0.4%) in sales of passenger vehicles nationwide. However, sales for other vehicles decreased by the same amount (0.4%).

Despite sports utility vehicles (SUVs) making up more than a third (35.4%) of total market sales in 2015, there were no movements in July.

Residents of Victoria were the most active buyers, up 0.5% month-on-month, continuing the trend of positive sales growth since March 2016. Buyers in Western Australia broke their six-month long negative trajectory.

Northern Territory (-0.54%), South Australia (-0.37%) and NSW (-0.26%) all recorded month-on-month reductions in overall vehicle sales.

Looking more broadly, annual vehicle sales in July were up 1.53%, compared to the previous year.

The 2016 Motor Vehicle Census, released in July, revealed Aussies still love diesel-powered vehicles, with the number of registrations soaring in 2015, making it the fastest growing fuel type.

If you're struggling to afford a new car, discover different borrowing options for used vehicles and compare low-interest car loans to find a better deal.

Picture: Shutterstock

More help from finder.com.au

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
feedback