SUV sales maintain momentum in October

Posted: 16 November 2016 2:41 pm News

SUV car desert driving

Passenger vehicle sales fall for third consecutive month.

Australian car sales rose slightly in October 2016, despite consecutive months of decreasing passenger vehicle purchases.

The latest Australian Bureau of Statistics (ABS) figures revealed slight gains (0.3%) in overall vehicle sales across the country, supported by another monthly rise (1.4%) in sports utility vehicle (SUV) sales.

Passenger vehicle sales (-0.7%) decreased for the third consecutive month, while sales of other vehicles (-0.1%) also fell during October.

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.

NSW, Victoria, South Australia and Tasmania all witnessed modest monthly gains in overall vehicle sales throughout September, while Queensland (-0.60%), Western Australia (-0.39%), the ACT (-0.98%) and the Northern Territory (-1.46%) recorded minor falls.

Whether you're planning on selling your old car or buying a brand new one, we've listed all the tips, hints and tricks you'll need to streamline the process.

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.

Once you've got the loan and bought the car, you still need to pay it off. Find out how one of the crew managed to speed up her loan repayments.

Latest car loans headlines

Picture: Shutterstock

Get more from Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site