Another good result for the new vehicle market in October saw 106,809 vehicle deliveries being recorded. That number is an increase of 19,510, or 22.3 per cent, compared to October 2022. It also means the Australian market has marched past the one million figure for the year so far.
The results, revealed by the Federal Chamber of Automotive Industries (FCAI) VFACTS Service showed every State and Territory increased compared to the same month last year, with Queensland notching an uptick of 16.4 per cent with 21,937 sales.
The Australian Capital Territory was up 18.9 per cent (1,552); New South Wales 22.8 per cent (33,001); South Australia 20 per cent (6,677); Tasmania 20.8 per cent (1,996); Victoria 32 per cent (30,740); Western Australia 12.3 per cent (10,166) and Northern Territory 1.9 per cent (740).
Toyota was the highest selling marque with 20,298 sales. Mazda followed with 9,316 then Ford (8,605), Hyundai (6,620) and Mitsubishi (6,395).
The Ford Ranger was the top-selling vehicle, recording 6,215 sales. It was followed by Toyota HiLux (5,766), Isuzu Ute D-Max (3,198) Toyota RAV4 (2,598) and Toyota Landcruiser (2561).
38.3 per cent of sales were either in light commercial utes, large, or upper large SUVs vehicle categories. Electric vehicle (EV) sales softened to 6,057, representing 5.7 per cent of the market – down from 8 per cent in September.
“The Australian market has demonstrated incredible strength and vitality throughout 2023, culminating in Australia reaching one million sales in October for the first time,” said Tony Weber, FCAI Chief Executive.
“After some challenging years through COVID, this milestone speaks to the range of vehicles available to consumers, affirming Australia’s position as one of the world’s most dynamic and competitive markets. It also reflects vastly improved supply chains.”
Source: Motor Trader e-Magazine (November 2023)
5 November 2023