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top 5 selling car brands in October

Published on November 23rd, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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Car sales slowed down

Recent data released by the Federal Chamber of Automotive Industries showed that car sales dropped by 5.5% when compared to last year, with only 94,711 new cars being bought. However, when they do decide to purchase a car they don’t settle for any brand. These are the top brands that maintained a high rank in car sales in September.

Toyota takes the crown

Toyota is a popular car brand in Australia due to its diverse car range that comes at an affordable price that accommodates various people. The brand has also gained considerable traction with their range of SUV’s that have gained popularity among urban Australians. According to VFACT, Toyota managed to dominate the charts with 17,386 sales for September and has a market share of 18.4%.

Hyundai

Hyundai is slowly proving its place in the Australian car market knocking out car brands such as Mazda and Holden down the charts for the month of September. This brand held its rains, becoming the second brand to have the highest sales in September with 8110 sales. Hyundai sales have gone down by 20 sales compared to last year and only managed to maintain 8.6% of its share. Despite the drop in sales the brand still managed to get Mazda and Mitsubishi by 7 622 sales.

Mitsubishi holding steady

Mitsubishi is proving its metal by holding the top three selling brands for September with 7622 sales. This is an increase of 557 cars (7.9%) when compared to the same time last year. The Japanese brand increased in its popularity due to the fact that it is a reliable car brand that has managed to maintain a 55% fault rate. The companies offer of a 5-year warranty on various models may be the cherry on the cake that consumers look for.

Mazda experienced a heavy fall in sales Mazda managed to hang in on the top five selling brands in September by fighting tooth and nail with 7070 sales which is a drop of 31.5% of sales when compared to the previous year. This means that the brand experienced a 3258 cut in sales.

Nissan rounds off the top five

The brand continues to strive with its technological advancements in its vehicles and manages to improve its environmental standards with models such as the Nissan Leaf. Car sales have increased due to its strong branding of cars such as the Nissan Qashqai, Pathfinder, and GT-R to list a few. By the end of September, the car sales for Nissan were at 5176 sales which were up by 1165 cars when compared to the same time last year.

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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.

The content on our website is produced by experts in the field of finance and reviewed as part of our editorial guidelines. We endeavour to keep all information across our site updated with accurate information.

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The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

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