Aus & NZ Auto Companies

In 2009 the Australia and New Zealand Automotive Companies (ANZAC) took a hammering. Once the Global Financial Crisis (GFC) struck less and less people were able to afford to buy a new car. Sales were down as low as 20% in June 2010 on New Cars which represents over 100,000 units.

One Automotive company which did buck the trend was Hyundai Motor Company. Hyundai has released new cars in to the market like the i30, i45 and most recently Hyundai release the new version of the Getz, the i20.

Hyundai i30 Wagon

Hyundai is a motor company to look out for, they are gaining in market share very quickly and outsold Ford for the first time since records began in Q3 of 09. Hyundai appear to be continuing these strong market growths with newer cars and innovative, good looking designs.

Toyota had major issues with recalls and faults in 2009 which meant less Toyota’s sold than were expected. This led Toyota to come out with some amazing finance deals through TFS (Toyota Financial Services). Low interest and even zero interest repayments were offered to Toyota customers which despite the recalls, proved to be very successful for TMC (Toyota Motor Company).

The used car sales market in both Australia and New Zealand continued along at a rate which didn’t appear to be lower than predicted in 2008.

2010 first quarter results are showing signs that the worst of the GFC is over and that consumers are gaining in confidence with Q1 results up 3% on last year. There are still some great new car bargains to be had in both countries.