Toyota rated Australia’s favourite car brand of 2015
In last year’s record breaking new car market, Toyota came out on top as Australia’s favourite brand, accounting for 17.8% of all sales.
In 2015, new car sales in Australia broke the 2013 record by 1.7%, with 1,155,408 new passenger cars, SUVs and commercial vehicles sold. SUV sales in particular boomed in 2015, making up about 35.4% of the market, but passenger cars were still the most popular, accounting for 44.6% of new car sales.
While Toyota topped the market, other popular brands included Mazda at 9.9% of sales, Holden at 8.9%, Hyundai at 8.8% and Mitsubishi at 6.2%.
Toyota also took out the title of Australia’s best-selling car in 2015, with Toyota Corolla sales of 42,073 over the year. The next most popular was the Mazda3 at 38,644, followed by the Toyota Hilux at 35,161 and the Hyundai i30 at 32,306.
Australian consumers have also been splurging on luxury vehicles, with demand for brands like Audi, BMW and Mercedes-Benz increasing over 2015 as Australians are encouraged by the booming property market. Ferrari alone sold 167 vehicles in 2015, which is a 48% increase over the previous year, according to the Federal Chamber of Automotive Industries in Australia.
RELATED: What car can you afford?
FCAI Chief Executive Tony Weber said the Australian new car market is one of the most competitive in the world, “delivering Australian consumers’ access to high-quality vehicles at record affordability levels.”
“The competitiveness of the market has seen new car buyers access an extensive range of finance options and genuine service offers that maintain the value and integrity of the vehicle,” added Webber.
Overall sales were 3.8% higher than in 2014, with growth in the Australian Capital Territory, New South Wales, Victoria and Tasmania, however there were drops in sales in other states and territories. Government purchases declined by 1.4%, but private and business sales both rose, by 3.7% and 4.9% respectively.
“It is clear that there has never been a better time to buy a new car,” Webber said.
If you're on the hunt for some new wheels in 2016, make sure you find a great rate car loan by searching for deals in our comparison section here.
Car loan comparisons on Mozo - rates updated daily
New Car Loan
Including Demo, Fixed, SecuredInterest ratecomparison rateMonthly repayment4.99% p.a.5.53% p.a.based on $30,000
over 5 years
Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.Details
Read our Mozo Review to learn more about the loans.com.au New Car Loan
FixedInterest ratecomparison rateMonthly repayment4.89% p.a.to 9.99% p.a.5.44% p.a.to 10.56% p.a.based on $30,000
over 5 years
Enjoy competitively low rate car loans from 4.89% (comparison rate 5.44% p.a.) between $10,000 and $100,000 for new, demo and used vehicles. Take advantage of flexible 3, 5 or 7 year loan terms. No early repayment or exit fees. You must be 21 years or over to qualify and earn above $35,000.Details
Read our Mozo Review to learn more about the Plenti Car Loan
Car Loan - Excellent Credit
Fixed, UnsecuredInterest ratecomparison rateMonthly repayment5.95% p.a.to 19.99% p.a.6.79% p.a.to 21.0% p.a.based on $10,000
over 3 years
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.Details
Read our Mozo Review to learn more about the SocietyOne Car Loan - Excellent Credit
Low Rate Car Loan Special Offer
Fixed, SecuredInterest ratecomparison rateMonthly repayment4.69% p.a.5.01% p.a.based on $30,000
over 5 years
Beyond Bank’s Car Loan offers super low rates with no ongoing service fee, and flexible features to help you save over the term of your loan. Winner of Mozo’s Experts Choice Car Loan 2021 Award.Details
Read our Mozo Review to learn more about the Beyond Bank Low Rate Car Loan Special Offer
Fixed, SecuredInterest ratecomparison rateMonthly repayment5.35% p.a.5.65% p.a.based on $30,000
over 5 years
Available for all New and Used cars up to 7 years. A quick and easy, 100% online application with loans up to $75,000. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.Details
Read our Mozo Review to learn more about the OurMoneyMarket Car Loan
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.