Archive for February 24th, 2010

Car Sales are Bumping Not Slumping! Is the Australian economy motoring?

Over the last few months, we’ve noticed a marked increase in queries for Novated Leases. In fact, the last month has been our busiest ever – our order book is up 21% compared to our average for 2009!

Looking at the broader market, we see that car sales are reaching all time highs,

and Westpac’s consumer confidence index has bounced back sharply.

Even unemployment has taken a dive over the past few months.

So what do you reckon? Are we there yet? Or is your confidence still shaken? After all the stock market is still down about 32% from it’s all time highs. Would you rather save for a rainy day? Or are you as confident as the consumers whom Westpac polls, or as those queuing for a new car or novated lease?

Would be good to know your thoughts.

Leave a comment here


Deven Billimoria
Chief Executive Officer
Smartgroup

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