21st June, 2019 ยท Media Release

EOFY – Time is Right to Buy a New
Car

The peak body representing franchised new car Dealers is urging consumers to take advantage of some excellent new car deals currently available as the financial year draws to a close.

“There are some fantastic deals available in showrooms throughout Australia and buyers should use the last two weekends of the financial year to secure a bargain buy,” AADA CEO David Blackhall said.

“Now is an excellent time to purchase a new car. Dealers are eager to clear stock to meet year-end targets and consumers stand to benefit from the recent interest rate cut,” he said.

“Many of Australia’s most popular vehicles are being significantly discounted and there are a range of other incentives for buyers, including very low interest rates, discounted servicing plans, no on-road costs, compimentary accessories and upgrades,” he said.

“If you are thinking of buying a new car before 1 July, do your reseach. Go online and make use of the wealth of available information comparing all the specials on the various makes and models,” said Mr Blackhall.

“Consumers should also visit their local Dealer, talk to the sales staff and request a test drive. Modern new vehicles are safe and environmentally friendly. They come equipped with remarkable specifications ranging from autonomous driving features to state of the art infotainment and it is important to experience this prior to buying,” he said.

“Its been a difficult period for the automotive retail industry with national new car sales contracting for 14-months straight. However, we are hopefull that the market will turn with the federal election out of the way and the Reserve Bank cutting the official cash rate by 25 basis points earlier this month,” he said.

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