These latest car trends can help you choose a car suitable for you

Last updated on November 25th, 2021
  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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Fuel type

Australia is a car-loving nation, but we are also conscious in terms of the type of fuel that powers our wheels. According to the Australian Bureau of Statistics there has been a decrease for petrol powered vehicles which went down by 1.1 % points to 75.7 % of the national fleet. However, there has been an increase in diesel powered vehicles which increased by 1.3% points of the Australian fleet. The diesel-powered car category sees to show no slowing down as it remains the fastest growing by fuel type. However, our obsession with diesel vehicles can have a negative effect when it comes to health. It can cause cancer and respiratory diseases. This is something that car buyers will have to keep at the back of their mind when opting for a diesel car.

it also appears that Australians are moving away from the traditional vehicles such as passenger cars, station wagons, and people movers, to more Sports Utility Vehicles that are designed for off-road purposes. Statistics by ABS for October showed that sales for passenger vehicles have dropped from 39,104 to 36,769 sales across all states. Sports utility Vehicles have experienced comfortable sales across all states with 38,903 being sold. The reason why SUV's are so popular in Australia is because of it being spacious, its ability to adapt to various Australian terrain, has good safety features, and offers enough head and leg room. The state that had the highest sales in vehicles was New South Wales (NSW) with a total of 39081 followed closely by Victoria (VIC) with 28 091.

The average costs that Aussies have to pay for cars

With a total of 99,106 sales made in October alone across all states, you could be wondering what is the average costs that Australians fork out for their new wheels. It all depends on what type of model you will be investing in. A recent survey conducted by Savvy among 1,500 customers showed that the average cost that Australians forked out for their cars was $26,364. NSW ranked the highest with its drivers paying $29,134, and TAS was the lowest with $21,314.

Toyota keeps ahead of the game

When it comes to the top car brand that is winning in sales it is Toyota with a total of 17, 836 sales in October. Followed by Hyundai with 8 800 sales. These budget-friendly car manufactures stay a top of the game by producing cars that are not only gentle on the pocket, but also have improved designs for all types of people. When looking for a safe reliable car it is always best to do thorough research and compare. Drive out of a car dealership with your new wheels with a car loan that understands you from an accredited financial provider.

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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.

Approval for car loans is always subject to our lender’s terms, conditions and qualification criteria. Lenders will undertake a credit check in line with responsible lending obligations to help determine whether you’re in a position to take on the loan you’re applying for.

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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