PMC's Aussie Car Blog

Why Refinancing Your Car Might Be a Winner

Recent rate cuts by the Reserve Bank of Australia (RBA) left the official cash rate at a historical low of 0.25%. We also saw the first out-of-cycle rate reduction since 1997. But the RBA wasn’t the only one dropping their rates last week, with many lenders also announcing a reduction in interest rates. While most savvy consumers understand that they can refinance their home loan to make the most of low intere...

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What is the Difference between 4WD and AWD?

SUVs are the clear frontrunner in the Australian car market with a commanding lead over passenger vehicles, which once ruled the roost. As more buyers shy away from sedans and opt for SUVs instead, one common question pops up. What is the difference between 4WDs and AWDs? Unlike what you may have been led to believe, the two formats are not one and the same. Understanding 4WDs Four-wheel drive (4WD) vehicles rely u...

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March 2020 New Car Sales Review - Part 2

In our first piece covering March’s new car sales, we looked into overall sales across the industry as well as a breakdown by vehicle segment. This time around we’ll focus on how different makes and models fared last month. New car sales by brand Despite the major speed bump confronting manufacturers across the nation, market-leader Toyota managed to grow its sales last month compared with the correspon...

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March 2020 New Car Sales Review - Part 1

Amid what was always expected to be a tough month for new car sales, the industry was hit by an abrupt slow-down, however, there were a couple of positive notes that emanated from the results. With the Coronavirus effectively changing our day to day lives, forcing more and more Australians to take shelter at home, car buying activity fell down the list of essential activities for many. March is traditionally a stro...

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How Dealer Leads Are Shifting amid the Coronavirus

As tough times mount for the wider community, with many concerned about their physical and financial health, here at PriceMyCar we are observing a drastic slowdown among the number of prospective buyers interested in new cars, considered dealer leads. Although a reduction in buying interest is to be expected, the speed at which this has occurred, effectively in as little as two weeks, is something that doesn’t...

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Should I Buy the Latest Release Car or Last Year’s Model?

The end of the calendar year often throws out a lot of new car bargains, with the allure of discounts often leading to a spike in sales. After all, dealers don’t want to be left holding stock for a model that is no longer badged with the current year, or may even be superseded. However, as dealers clear vehicles from the prior calendar year, it raises the question, is it in the best interests of new car buyers...

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Honda Set to Move to Fixed Pricing

After much speculation, Honda has finally confirmed its plans for the Australian market for the foreseeable future. While some industry experts predicted that the Japanese brand might wind up its local operations, just as Holden has recently done, the company has instead ‘committed’ to retaining its presence down under. However, the auto-maker’s commitment comes with a few strings attached. And for...

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February 2020 New Car Sales Review - Part 2

In our first piece covering February’s new car sales, we looked into overall sales across the industry as well as a breakdown by vehicle segment. This time around we’ll focus on how different makes and models fared last month.   New car sales by brand Defying the broader market slowdown, Toyota actually posted strong growth in new car sales across February. The company managed to increase comparab...

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February 2020 New Car Sales Review - Part 1

The new car industry has already been battling a series of headwinds, both of local and international nature, however, the latter part of February introduced a new macro risk to not only Australia, but the wider world. The Coronavirus pandemic has escalated into an unprecedented health crisis, and while its effect wasn’t particularly felt on the new car sales results from February, the months ahead will be cha...

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How Car Dealers Will be Feeling the Economic Brunt of the Coronavirus

As if the new car industry wasn’t already facing a tough time, with sales slumping year-on-year for each of the last 24 months, a new challenge is now confronting the industry. While the car industry is not alone in its struggles, it is in no sense an understatement to say that our day-to-day life we once knew has changed drastically before our eyes. Even if only a ‘temporary’ affair, the profound...

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