Finance Funding Australia’s CEO Comments on Recent Report on Car Sales

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Recent reports of high car sales in February sparks commentary from CEO of Finance Funding Australia.

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Last year was a record year for car sales in Australia, and so far, the numbers this year are beating last year’s numbers. So things look great.

According to a recent news article on Reuters.com titled Australia Feb new vehicle sales up 5.2 pct y/y-industry, the first two months of 2013 shows sales of new vehicles in Australia up 8.1 per cent from the same period last year.

The CEO of Finance Funding Australia comments on the trend upward:

“We’ve seen the strong demand holding steady here also in our work providing car loans to Australian consumers. It’s great to see that micro trend translated to a macro level where the national level of new car sales is still going strong despite a record year last year. Exciting times for the car industry.”

According to the article, the first two months of 2013 showed combined sales that were 8.1 per cent higher compared to the same period last year.

“Last year was a record year for car sales in Australia, and so far, the numbers this year are beating last year’s numbers. So things look great,” said Justine Milankovic.

When asked about the trends seen in her own work and how they corroborate with the larger trends of the nation as a whole, Justine Milankovic answered:

“According to the article, Toyota had the highest sales in February, followed by Mazda and Nissan. We’ve definitely seen that in our work providing car loans. Consumers are favoring either the smaller fuel efficient cars, or the SUVs that are more versatile for a variety of lifestyles.”

“The only thing I can see dampening this car buying streak is if the economy takes a turn for the worse or if the interest rates on car loans become higher. But it is not likely that the streak will end,” she continued.

Milankovic also shares some tips for consumers looking to get car loans on their new car purchases.

“What some consumers might not know is that every failed loan application will affect their credit score. So it’s important that they have a skilled loan consultant walk them through the process before they submit their loan application,” said Milankovic.

Consumers looking for low cost car loans can contact the experts at Finance Funding Australia.

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