Small cars increase in popularity

By Mozo · · 1 min read
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Navigating the inner city streets can be tricky with everything from tight laneways to small parking spots, so it’s no wonder that small car sales have increased by 15% in the first three months of 2015, according to news.com.au.

Speaking to Australian Automotive Intelligence industry analyst Richard Johns, the news site revealed that cheap domestic flights were also a significant reason that many Aussies are opting for compact hatchbacks, over the larger alternatives available.

Johns told the website, “very few people drive between our major capital cities now that cheap flights have become more widely available.”

“Once upon a time one family car had to meet all our needs...Now Australians are buying personal cars that better suit their individual needs.”

Another drawcard of smaller cars, otherwise coined as light cars is the advancement in technology features, as Johns explained that small cars aren’t what they used to be. “People are finding that small cars meet most of their requirements now that the know what they’re truly capable of.”

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* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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