The COVID-19 pandemic has understandably had a major impact on new car sales in Australia. In April 2020, new car sales dropped by 48.5%of total new car sales of 38,926 units. However, during this month Toyota was the market leader, followed by Mazda and Kia.
This condition will likely continue for a few more monthsas most Australians have lost part of their income. Moreover, 72%of Australian businesses have had a drop in cash flow which prevents them from buying a new car.
Despite the current climate, Car companies have focused on keeping car dealerships opento provide new car buyers with sales experience and to be able to perform maintenance services for their cars; and at the start of May, car dealerships began to see some lift in consumer confidence as the COVID-19 restrictionsstarted to ease and customers are able to buy car online.
Hopefully, the instant asset write off package will be extended to motivate business buying new cars.
Find below May’s new car deals by car brand:
Honda: Drive Away offer including 7 Year Warranty and 7 Year Roadside Assist with Free Genuine Antimicrobial Shield
Hyundai: Started the EOFY offer of Drive Away with up to $1,500 Bonus or 2.9% Comparison Rate Finance for 3 years.
Kia: Drive Away offer with 2% Comparison Rate Finance
Mazda: Drive Away offer
Mercedes-Benz: Increased Warranty to 5 years with savings range between $3,500 to $20,000 for extra features included.