Intentions for new car buyers
2.26 million Australians will buy a new car in the next four years
Australians like buying new cars. According to a recent Roy Morgan Survey, some 2.26 million Australians intend to purchase a new vehicle in the next four years. This is just below the same period last year (2.29 million) which lead up to the record sales in 2017. In addition to strong four-year levels of vehicle buying intentions, one-year intentions are up by 44,000 (7.7%) over the same period last year.
This is all good news for new car dealerships across the country, and comes at a time when new car manufacturers are working on the development of alternate fuel vehicles to complement petrol and diesel models. (Not that petrol or diesel engines are going anywhere soon).
Interestingly, diesel engines now make up a third of the new cars sold in Australia each year, and their numbers have more then doubled in the past decade. Australians continue to buy practical SUVs, efficient small cars and load-hauling utes in incredible volumes. Part of the appeal is that they’re safe, practical and largely preserve their resale values.