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PMC's Aussie Car Blog

May 2020 New Car Sales Review - Part 1

After what was a dismal slump in new car sales during April, expectations were still firmly in check for May amid the ongoing impact of COVID-19. Although consumer sentiment has improved marginally across many sectors, and in fact new car buying interest has certainly ramped up, it is still proving to be a challenging market to say the least. That’s because prospective new car buyers have been keeping their wa...

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No Deposit? Turn Your Old Car Into Money

Today, most financiers will want to see some sort of desposit or funds to your name when you apply for finance to buy a new car. We realise this isn't always easy, however, a large number car buyers do have one readily available source of funds to accumulate a deposit - that is, their existing car.  Trading in your old vehicle Trade ins are effectively one way to conduct part-payment for a new car, with a larg...

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April 2020 New Car Sales Review - Part 1

With COVID-19 lockdowns across the country all but diminishing new car buying sentiment, April marked the single most challenging month for the car industry in several decades. The impact of COVID-19 has had a profound impact on the industry, despite the fact dealerships were granted exemptions to operate as essential services. Nonetheless, while the headline figures were disastrous, the local market still fared mu...

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