Car sales drop off in November

Peter Terlato 14 December 2016 NEWS

Toyota car new

Aussie drivers prefer Japanese vehicles.

Australian car sales decreased marginally in November, as passenger vehicle purchases keep falling.

The latest Australian Bureau of Statistics (ABS) figures revealed a slight reduction (0.2%) in overall vehicle sales across the country, despite another monthly rise (0.2%) in sports utility vehicle (SUV) sales.

November marks the fourth consecutive month of decreasing passenger vehicle sales (-0.6%).

Sales of sports utility vehicles (SUVs) had been falling rapidly since the beginning of the year, seemingly ending Australia's love affair with SUVs. However, the decline in SUV sales was reversed in August and as the weather began to warm up in September, sales rose again.

Tasmania (1.30%) and Victoria (0.34%) were the only states to enjoy monthly gains in overall vehicle sales throughout November, while the Northern Territory (-1.60%), Western Australia (-0.78%), Queensland (-0.44%), New South Wales (-0.24%), South Australia (-0.22%) and the ACT (-0.20%) recorded falls.

Despite decreasing sales numbers, car manufacturers returned the highest overall rate of customer satisfaction among any industry in the recent Roy Morgan Customer Satisfaction Awards 2016.

92% of drivers report being very or fairly satisfied by their current vehicle - well above satisfaction levels for banks and super funds, utilities providers, retailers, airlines and hotels. Japanese manufacturer Lexus received the highest customer rating (96%), followed by Mazda and Subaru (95%).

Six vehicle manufacturers tied with a 94% satisfaction rating, including Japanese brands Toyota, Honda, Suzuki and Isuzu UTE, South Korea's Hyundai and Germany's Mercedes-Benz.

Planning on selling your old car or buying a new one? We've listed some tips to streamline the process.

Discover different borrowing options for used vehicles and compare low-interest loans for a better deal.

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