Buyers of new vehicles have many strategies and approaches to purchasing – price, brand loyalty, personal recommendations, good reviews, style and appearance being just some. The Australian motor vehicle market is extensive and with so many models available, the decision process can be confusing and challenging. To assist those in the market for a new vehicle, Jade Car Loans provides tips on how to buy top sellers and new models with a cheap car loan. Plus an update on the latest sales figures to gauge the popularity of brands and models and sneak peeks of what new models are due to hit the local market.
July Car Sales Figures
Despite the problems in the global supply chain affecting the stock availability of some brands, sales of new vehicles continued to increase in July. Light commercials and SUVs continued to trade well and demand for EVs and PHEVs was strong in NSW and Victoria where state governments are offering incentives.
SUV sales were more than double that of passenger cars. A trend that has been prominent recently as brands maintain a focus on the SUV category and buyers embrace its versatility for both a family drive and a work vehicle.
If tossing between a new SUV or buying a new passenger car, it is worth noting that our same range of personal car loans and business vehicle finance products apply to both categories. The type of vehicle does not affect the type of loan. The differentiation is if the vehicle is for private or business use. Interest rates vary depending on the loan product and the lender’s assessment of individual loan applications.
Toyota was the top selling brand followed by Mazda, Ford, Mitsubishi and Kia. The iconic Toyota HiLux narrowly edged out the Ford Ranger as the top seller with the Toyota Corolla third, Isuzu D-Max in fourth place and Mazda CX-5 in fifth. This is a change in position from the June figures where the Ranger out-sold the HiAce. The July figures may reflect any special and more attractive EOFY discounts offered by individual manufacturers. But both are perennial top sellers due to performance and price.
If looking to compare HiAce and Ranger, head to our commercial car loan calculator to generate repayment estimates based on current pricing. Remember that your Jade consultant can usually include the cost of accessories purchased at the same time as the vehicle in the loan. So include those essentials and wish list items in your total loan amount.
In the more budget work vehicle market, the Haval SUV and GWM Ute continue to sell well for the Chinese manufacturer. The Chevy Silverado also shows strong sales. The MG ZS rounded out the top 10 sellers for July with popularity likely attributable to the highly competitive price tag. To see how these vehicles compare in terms of repayments with higher priced models, use our calculators.
New Releases
The global microprocessor chip shortage has slowed production in many global factories and delayed new model releases for many brands. But there is still plenty to consider.
In the family people mover category, the Hyundai Staria is set to take on the Kia Carnival at a price tipped to be under $50K for the entry level model, depending on deals and on-roads. This 8 seater has a stylish and futuristic looking exterior with large windows and, a very comfortable and well-appointed interior. Due in showrooms this month.
In the family SUV category, the Skodia Kodiaq is tipped to be cheaper with the 2022 line-up including a 4 cylinder turbo petrol model. This is a change from diesel. Some models are due in Australian showrooms in December and are expected in the $50,000-$60,000 price range. If looking to pre-order, speak with us about pre-approved finance.
For those aficionados of the iconic Toyota LandCruiser, you’ll be particularly keen to secure the cheapest interest rate finance as the price of the new models is on the up. Pricing and specifications have been announced ahead of the arrival in showrooms and orders for this new 300 Series are being taken. The price increases are being attributed to the whole new design and the upgraded features and tech.
Upgrades on the HiAce Van, HiAce Commuter Bus and the Granvia have been announced by top selling manufacturer Toyota. The upgrades include security and safety and the models are due in September.
For those who like their cars small in size but big in style, a limited edition Abarth model has arrived – the Scorpioneoro. This Italian hot hatch has a stylish black and gold colour scheme and a 1.4 litre 4 cylinder turbo petrol engine.
Buyers will be hoping for many other new models to arrive on the market but the global chip crisis is causing delays and supply issues. VW is just one of many manufacturers suffering supply issues and the crisis may continue into next year, affecting multiple manufacturers.
Securing Your New Model Vehicle
In light of supply issues which may potentially be worsened by the wildfires sweeping across Europe, securing your new vehicle now could be a smart move. We provide pre-approved finance across our loan portfolio of both business and personal vehicle loans.
Having your finances secured before discussions with the dealer can be highly beneficial, especially when considering no doc car loans in Australia. Not only does it ensure you have our cheap interest rate loan, but it also provides buyer confidence to commit to the purchase on the spot. When supply is limited, being in a position to make that quick buying decision can be critical.
To move forward with your purchase, contact us by phone or email or simply apply online.
Contact Jade Car Loans at 1300 000 003 for a cheap interest quote on the new model of your choice.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.
