Audi and Toyota top Aussie car wishlists in 2014
Article by Mozo
New car sales are expected to soar with over 2.3 million Australians intending to buy a new car in the next four years according to Roy Morgan Research.
Of the 647,000 people looking to purchase a car in 2014, one in four people are intending to buy a Toyota the research showed. Mazda jumped Holden as the second most popular brand. At the luxury end of the market, Audi is the most sought after with 6 percent of people considering their models, which is a 64% increase over the last 12 months.
SUV's remain popular with private buyers with 333,511 new SUVs leaving showrooms in 2013.
"Rising demand from the private market was responsible for this increase," said Jordan Pakes, Group Account Director - Automotive at Roy Morgan Research. "In contrast, sales of traditional passenger cards continued to decline, falling below 50% of total new vehicle sales."
The growth in new car sales is spurred on by the current low interest rate market. For a 3 year, $20,000 car loan rates start at 5.64% according to the Mozo database. To compare all car loans visit Mozo here.