
Dude, my new car costs 40 grand
- Average purchase price for a new car nationally is $40,843.
- South Australia is the most affordable new car market in Australia at $36,637.
- Tasmania is the most expensive market at $47,635.
The cost of a new car, according to a survey of 2,600 models by consumer group Canstar, is $40,000 – or just over half the annual average full-time wage for an Aussie worker.
Motor vehicle sales have recovered strongly according to data compiled from the Australia Bureau of Statistics, with the value of loans for the purchase of cars in March exceeding $1.2 billion – the highest level for motor vehicle loans in four years.
In terms of registrations, that is the equivalent of 100,000 new vehicle registrations in one month, observing that Australian households are upgrading to new models of vehicles with enhanced fuel efficiency and safety features.
New South Wales has the largest number of car registrations and at $38,665 is lower than the national average.
Victoria ($41,327), Queensland ($42,226) and Tasmania ($47,635) are the most expensive states to procure a new vehicle.
South Australia ($36,647) and Western Australia ($38,519) represented the best value for money among the states when it came to buying a new car.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreThe biggest movers of the featherweight cryptos today
Of the smaller cryptos, these ones were the movers. Mirrored iShares Gold Trust rose 353.48%
...read moreThe biggest movers of the middleweight cryptos today
Of the middle-sized cryptos, these ones were the movers. Metacraft rose 66.39% to US$1.31, closing
...read moreSee more stories like this
