Car sales look set to dip

Mozo

Tuesday 11 September 2012

The number of Aussies looking to buy a new car within the next 12 months has fallen, according to new figures.

Roy Morgan Research has reported that in August, 589,000 people said they were planning to upgrade their vehicle during this timeframe – down from 626,000 in July.

Crucially, this was also below the long-term average of 616,000, which suggests that people really are starting to rein in their spending.

The Associated Press recently revealed that analysts at CommSec have predicted falling petrol prices in the next few weeks, but the overall cost of motoring is still proving too much for many drivers to bear.

Unfortunately, some Aussies are heavily reliant on their vehicle and so they should definitely be looking to compare car insurance quotes, as they can make huge financial savings.

Industry communications director at Roy Morgan Research Norman Morris said: "While the four-year intention is still well above the long-term average, the 12-month intention has continued its recent decline, reporting the lowest figure since September 2010."

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Car sales look set to dip
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