Despite car affordability being at its best in 38-years, there was a massive car sales decline again in August – the eighth month in a row to see car sales dwindling at a scary pace.
Last month, Australians purchased 88,157 new cars, which is down 5.5 percent compared with the same month in 2013.
With a large chunk of consumers putting a halt on car loans and shopping for new cars – the major car brands are feeling the pinch. We take a look at which car brands performed the best, from the worst, during this period of disruption and turndowns.
Toyota recorded 15,638 car sales in the month of August – taking out the top-sales spot. This is despite a decline of 11.9 percent compared with August last year.
2nd placed Holden (8365 – down 18.5 percent), fourth place Mazda (7529 – down 23.4 percent), Sixth place Mitsubishi (5233 – down 7.0 percent), eighth place Volkswagen (4066 – down 9.9 percent) and tenth place Honda (2759 – down 16.5 percent), all reported losses.
While third place Hyundai (8601 – up 10.2 percent), fifth place Ford (6908 – up 11 percent), seventh place Nissan (5124 – up 7.9 per cent) and ninth placed Subaru (2901 – up 0.7 percent), reported rises.
Top 10 August 2014 Australian new car sales
- Toyota - 15,638
- Holden - 8365
- Hyundai - 8601
- Mazda - 7529
- Ford - 6908
- Mitsubishi - 5233
- Nissan - 5124
- Volkswagen - 4066
- Subaru - 2901
- Honda - 2759
While sale results are certainly indicative of a car brands popularity, when choosing your new car - compare a range of brands, look at the features available, assess the service costs and remember, always compare car loans online to make sure you're getting a great finance deal.