Appetite for new cars still strong among Aussies, study shows

Mozo

Friday 26 October 2012

Huge numbers of Aussies are still looking to buy a new car in the next four years, despite the fact that many people are under significant financial stress.

According to a new study conducted by Roy Morgan Research, 2.17 million drivers are hoping to visit a showroom between now and 2016.

This figure is slightly down on August, when 2.2 million said they were in the market for a new vehicle, but is still nearly 100,000 units above the long-term average.

The survey indicated that Toyota models are proving particularly popular at the moment, with customer buying intention rising above the 20 per cent mark for the first time since early 2010.

Industry communications director at Roy Morgan Research Norman Morris said: "With September again showing record new vehicle sales, it will be intriguing to see if the industry can keep up this level of volume over the coming 12 months."

With so many Aussies planning to buy a new vehicle, the demand for affordable car insurance policies will be sky-high.

The easiest and most efficient way to find the cheapest quotes is to use a comparison website, as numerous results are generated at once.

Have a question about car insurance? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801476551-ADNFCR

Appetite for new cars still strong among Aussies, study shows
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