MAY NEW CAR DEALS AND NEW CAR SALES INSIGHTS
The 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 months as 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 open to 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 restrictions started to ease and customers are able to .
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:
: Drive Away offer with 1% Comparison Rate Finance on or 5% Comparison Rate Finance and 3 Year Free Servicing (Nissan will pay your first 6 month repayments)
Mitsubishi: Drive Away offer with 7 Year Warranty and up to $1,500 off the Drive Away price.
: Drive Away offer including 7 Year Warranty and 7 Year Roadside Assist with Free Genuine Antimicrobial Shield
: 3.9% Comparison Rate Finance on Corolla and $1,000 Bonus on for Primary Producers
Hyundai: Started the EOFY offer of Drive Away with up to $1,500 Bonus or 2.9% Comparison Rate Finance for 3 years.
: Drive Away offer with 2% Comparison Rate Finance
: Drive Away offer
: Increased Warranty to 5 years with savings range between $3,500 to $20,000 for extra features included.
is confident the new car sales will pick up again and new car buyers can take our that suits them and buy their new car online.