Remunerator News

Mar 23 2021

The Driving Forces Behind the Australian Car Market Boom!

Toyota Hilux in desert

February saw a fourth consecutive month of growth in new car sales, with a total of 83,977 new motor vehicles sold.

That is a 5.1% increase despite the ongoing stock shortages Australia is experiencing due to the production delays directly linked to the pandemic.

Tony Weber, chief executive of the Federal Chamber of Automotive Industries expressed his belief that the growing consumer confidence in the automotive industry is due to the normalisation of business operating conditions.

Utes continued to top the sales charts with the Toyota Hilux and Ford Ranger taking out the top two places.

As a result, utes and vans outsold passenger vehicles for the first time this year and are closing in on Australia’s number one selling segment, SUVs. 

The increased demand for light commercial vehicles can be attributed to flexibility the vehicle provides.

For both business and private buyers, the Ute can be comfortable for the weekday commute, whether it is being loaded up with tools or to get too and from the office. They also prove to be very suited to weekend activities and sports.

The US pick-ups in particular have experienced strong demand, even with the $100,000+ price tag Australian’s cannot get enough of them!

RAM 1500

RAM saw a 156% increase in February sales compared to January. The Chevrolet Silverado 1500 also saw an increase in sales in February with 77 models sold.

Chevrolet Silverado 1500

With this increase in demand for new cars coupled with stock shortages, Remunerator recommend starting to look for your new car sooner rather then later.

By starting early, you can negotiate the best price for your new car as you can be sure the car will be in stock.

Over the past 30 years, we have developed an Australia-wide dealer network meaning when you source your new car with Remunerator, we give you access to exclusive discounts and stock not available to the general public.

Talk to one of our novated leasing specialists today about your new car on 1800 501 703 or email us at novated@remunerator.com.au. If you already know what car you want request a quote today here.