What are the current top selling cars?
At Jade Car Loans we provide both personal car loans and business vehicle finance for the full range of cars and we do see trends in the popularity of different makes and models at different times. Often this may be due to special offers or the sales cycle. Over time we have seen the dramatic upsurge in the popularity of SUVs and more recently an increase in sales of hybrids and electric vehicles.
As specialists in motor vehicle finance our consultants are regularly asked for their opinion on what’s a good car or the best car, but we rarely share a definitive answer. Rather we like to refer our customers to official motoring industry sources for the statistic on exactly what cars are selling and to other sources for what cars have received what awards.
So what’s currently selling in the car market? The Federal Chamber of Automotive Industries and CANSTAR are great sources for the latest monthly figures on new car sales.
The Chamber has published the results for 2019 overall in new car sales and across all car manufacturers, Toyota topped the market by quite a significant amount. According the FCAI figures, Toyota had 19.4% of the market in 2019, Mazda 9.2%, Hyundai 8.1%, Mitsubishi 7.8% and Ford captured a 6.0% share.
Surprisingly, sales of SUVs was down slightly on 2018 results although this category still holds the lion’s share of the new car market.
So which particular vehicles came out on top for 2019? Toyota HiLux was once again the best seller, then came the Ford Ranger, Toyota Corolla, Hyundai i30 and Mitsubishi Triton.
Hilux and Ranger have continued to dominate these top selling lists but with a number of exciting new vehicles entering this competitive field in 2020 including the BT50 especially, it will be interesting to see if they have any impact on the market leaders.
July 2020 Results
So how has 2020 been playing out in car sales? Not unsurprisingly COVID-19 has had an impact on motor vehicle sales for 2020 with numbers down in general. But equally unsurprisingly, we still see Toyota heading up the best-selling brand list for July 2020. Mazda came in second followed by Mitsubishi, Hyundai and Kia.
In the market segments, no surprises in the July 2020 figures with SUVs and light commercials topping sales figures. SUVs held 50.4% of the car sales market for July 2020. So if you want to know what’s a popular type of car, it’s clear that the SUV is streets ahead with light commercials grabbing 20.5% and passenger cars a 25% market share.
Top 10 Vehicles July 2020 Based on Sales
Now down to which particular vehicles people bought most of in July 2020. Here’s your top 10 according to stats from Federal Chamber of Automotive Industries:
- Toyota RAV 4
- Ford Ranger
- Toyota HiLux
- Toyota Corolla
- Hyundai i30
- Mazda CX-5
- Mitsubishi Triton
- Mazda CX-3
- Toyota Camry
- Mazda 3
The RAV 4 knocked HiLux out of the top spot in apparently the first time in several years. The RAV 4 offers a wide range of choices for buyers with 2WD and AWD, different engine options, petrol or diesel and several model variants. So this is a vehicle with appeal for both business and private buyers.
With three utes in the top 10 – Ranger, HiLux and Triton – if you’re in the market for a new work vehicle, these stats may give you a guide as to what other buyers are preferring. But with many other manufacturers vying for your business in all categories, it may be worth doing your homework to get the best deal.
Cheap Loans for Best Selling Cars
Of course selecting a best-selling car is one thing, just one side of the purchasing equation. Buying your best-seller with a cheap car loan from Jade Car Loans ensures your top seller races up the leader board in terms of securing a great value new car.
Jade Car Loans offers better interest rate loans for both private and business buyers to ensure our customers continually come out on top for great value, cost-effective car finance.
- Cheap interest rate loans
- Full range of business vehicle finance with balloon/residual option
- Tailored loans to suit your requirements
- No deposit loans possible
- Bad credit, no docs, low docs possible
- Pre-approved car loans for individuals and businesses
- Loan terms up to 5 years
For a quote on purchasing one of the top selling cars for July 2020, just contact Jade Car Loans and one of our consultants will assist you. We’ll source you a quote from our large panel of lenders to ensure we secure you the cheapest quote at the cheapest rates. We’ll also assist with the paperwork to save you time and a whole lot of hassle.
To discuss a personal car loan or business vehicle finance on a top selling vehicle, speak with a Jade Car Loans consultant 1300 000 003
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