Consumer sentiment: Intention to buy a car increases

Are Australian consumers beginning to see the light at the end of the tunnel?

As Australia’s COVID-19 curve is showing signs of sustained and genuine flattening, are Australian consumers beginning to see the light at the end of the tunnel?
 

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In an onsite carsales survey of 1816 consumers on April 16, 2020:

– 18.6% of respondents said they were looking to buy right now¹ – up 11% from the previous survey on April 1-2, 2020

– 53.4% of respondents said they were looking to buy within the next month¹ – up 14% from the previous survey

– 19.3% of respondents cited travel restrictions and penalties as their biggest concern¹

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Source:
1. carsales.com.au onsite pop up survey, April 16, 2020 (n=1,816)