(Australia-NewsWire.Com, May 21, 2013 ) Sydney, Australia -- In a recent interview, the CEO of Finance Funding Australia, a car loan company, comments on the recent news on consumers’ choice of cars in Australia.
“According to ‘The Motor Report’, the new Toyota Corolla was the number one selling car in Australia for the month of April 2013, displacing the Mazda3 for the top honor. We’ve seen a similar trend in our work consulting our clients on their car loans,” confirmed Justine Milankovic.
“Novelty is a big selling point, and in our own work, we’ve seen a similar trend of consumers flocking towards the new Toyota Corolla. It makes sense, since Toyota is a strong brand, and is widely favored by Australians, and the new Corolla offers a sense of novelty for those who want a change or just to be a little bit different than their neighbors,” she continued.
According to the article, the new Corolla sold 3,504 units in April, comfortably beating the Mazda3’s sales number of 2,842.
“Despite the finer point of the new Corolla uprooting the Mazda3 for the top spot, the larger trend tends to still be in tact: Australians are favoring smaller, more gas-efficient cars as well as multipurpose cars such as SUVs. We’ve send that trend in our own work with our clients, and it’s probably going to continue for a while before any big changes come trend-wise,” said Justine Milankovic.
Sales of Toyota HiLux came in second place for the month of April, while the Mazda3 rounded out the top three at third place.
“The HiLux is pretty popular with our own clients as well due to its versatility. You can use it for moving, for trips, or to support an outdoorsy lifestyle. For its size, the HiLux is fuel efficient, which is another reason why it’s popular with consumers. Not only that, but the diesel option is very attractive to consumers as well,” said Milankovic.
“Regardless of the car they choose, consumers are in for a bargain right now due to the low interest rates on car loans. I’d suggest buying as soon as you know you need to buy a car, so you can take advantage of these rates. They won’t last forever,” she continued.