Fewer Aussies are planning to buy new vehicles

Mozo

Friday 27 July 2012

The number of Aussies who said they plan to buy a new car in the next four years has fallen.

According to figures published by Roy Morgan Research, 2.2 million Australians surveyed in June said they would purchase some new wheels, which was down from 2.3 million in May.

It is difficult to tell, but this could be a sign that people are finding it difficult to save up enough cash in order to upgrade their current vehicle.

Around 668,000 Aussies said they would scour the nation's showrooms in the next 12 months, which was a sharp drop from the 721,000 figure recorded in May.

"Both long and short-term new car buying intentions were down in June… with both measures potentially impacted by Julia Gillard's carbon tax announcement," commented industry communications director at Roy Morgan Research Norman Morris.

Although recent statistics showed that the overall cost of motoring has fallen slightly this year, a lot of Aussies are still finding it hard to keep their vehicle on the road.

One way to reduce your outgoings is to compare car insurance quotes, as there is every chance you are currently paying more than you need to.

Have a question about car insurance? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801416623-ADNFCR

Fewer Aussies are planning to buy new vehicles
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