With 98,375 sales recorded in October, new vehicle sales for 2024 in Australia have stretched beyond the 1 million sales mark.
The October result, revealed by the Federal Chamber of Automotive Industries (FCAI) and VFACTS, is 7.9 per cent down on the same month last year and continues the easing of the market during the second half of 2024. However, it is the second-best October result on record and brings the year-to-date sales total to 1,025,621.
Sales in Queensland were down 1.7 per cent on October 2023 to 21,557. Sales in the Australian Capital Territory were down 16.4 per cent to 1,298; NSW was down 12.1 per cent to 29,014; Northern Territory was up 15.3 per cent to 853; South Australia decreased by 7.1 per cent to 6,205; Tasmania had a decrease of 20.1 per cent to 1,594; Victoria decreased 14.4 per cent to 26,317 and Western Australia increased by 13.5 to 11,537.
Toyota was the market leader with sales of 18,471 in October, followed by Ford (8,581), Mazda (7,656), Hyundai (7,086) and Kia (6,602). The Toyota RAV4 was Australia’s top selling vehicle with sales of 4,841 followed by Ford Ranger (4,757), Toyota HiLux (4,523), Ford Everest (2,668) and Isuzu Ute D-Max (2,295).
The Passenger Vehicle Market is down by 2,089 vehicle sales (-11.9 per cent) over the same month last year; the Sports Utility Market is down by 3,107 vehicle sales (-5.2 per cent); the Light Commercial Market is down by 3,510 vehicle sales (-13.7 per cent) and the Heavy Commercial Vehicle Market is up by 272 vehicle sales (6.4 per cent) versus October 2023.
October 2024 sales of electrified vehicles – battery electric, plug-in hybrid, and hybrid – were mixed. Battery electric sales reached 4,820, which is down from 6,057 for the same month last year. Plug-in hybrid sales were up to 2,407 from 1,760, and hybrid sales were up to 14,176 from 9,167.
Source: Federal Chamber of Automotive Industries (FCAI)
13 November 2024