Utes & SUV’s Winners in Top Car Sales
The top ten car sales have been announced in January 2021 with strong results of utes and SUV’s sales. These top ten car sales reflect how Australians continue to satisfy their passion to travel by holidaying at home. One ute in particular resulted with strong popularity. This is the Toyota Hilux. The Federal Chamber of Automotive Industries (FCAI) announced the long reigning Toyota Hilux as the top selling vehicle.
The following is the list of winners of the top ten:
- Toyota Hilux
- Ford Ranger
- Toyota RAV4
- Toyota LandCruiser
- Mazda CX-5
- Toyota Corolla
- Hyundai i30
- Mitsubishi Triton
- Isuzu D-Max Isuzu
- Nissan X-Trail
Increased Volumes from All Top Ten Car Sales
Despite the economic downturn from COVID-19, the new car market in Australia for January 2021 has increased by 11.1% from the same month in 2020. The total January sales was recorded as 79,666 vehicles sold nationally. Just under 4,000 of these sales were the number one, Toyota Hilux. All of the top ten car sales increased in volume from this time last year. January sales indicate Toyota as number one with having a 21.1% market share. They are followed by Mazda, Hyundai, Kia and Mitsubishi. According to FCAI report, the popular Isuzu D-Max had outstanding results with January 2021 sales up 167.9% compared with January 2020. These increases are encouraging for our COVID-19 economic recovery.
Tax Incentives are assisting Car Sales
Will Haylock from Will Finance has said that the attractive interest rates and the government’s incentives like the instant asset write-off scheme is contributing towards increased consumer consumption and business recovery. “It has never been a better time in economic history of Australia to buy a business vehicle” It appears the Instant Asset Write-off Scheme has contributed to the top ten car sales volumes. Buyers are reported to be purchasing 4×4’s for dual purpose. They can use their vehicle for work and for holiday get-aways. The instant asset write-off scheme allows a total deduction of the full value of the business vehicle at the end of the financial year. Everyone’s circumstances are unique and may differ so it is important to get a registered accountant’s advice with regards to tax claims.
Discounts for ABN Holders
In addition, another attraction is that some car suppliers are offering big discounts to ABN holders. With the incredible low interest rates and flexible term payments this is an incredible opportunity to purchase new reliable business vehicles with low-cost finance.
There is no reason for businesses not to have the latest and best vehicles. Government incentives and cheap finance makes it possible for businesses to take advantage of this opportunity. No matter what your circumstances, Will Finance have a diverse panel of lenders to suit many situations. Will Finance brokers focus is to support small business and help recover the economy. For any business lending questions their friendly expert staff and willing to help.