Another month, another gangbuster report on new vehicle sales from the Federal Chamber of Automotive Industries (FCAI). The latest VFACTS results show that Australia’s automotive industry could boast another record-breaking sales result – this time an all-time record for May.
A total of 111,099 vehicles were sold, beating last year’s figure of 105,694, which was previously the best-ever result for the month.
The year-to-date sales now stand at 512,753 – an increase of over 55,920 vehicles compared to the same period
last year (456,833).
Sales in Queensland increased by 5.5 per cent (23,534) and were up across the nation apart from Tasmania. In the Australian Capital Territory, they were up by 10.6 per cent (1,673); NSW increased by 5.3 per cent (33,145); South Australia increased by 11.3 per cent (7,501); Victoria increased by 3.2 per cent (30,095); Western Australia increased by 5.4 per cent (12,334), Tasmania increased by 7.1 per cent (1,818) and Northern Territory decreased by 8.8 per cent (999).
The Passenger Vehicle Market is up by 3,132 vehicle sales (17.3 per cent) over the same month last year; the Sports Utility Market is up by 726 vehicle sales (1.2 per cent); the Light Commercial Market is up by 1,493 vehicle sales (6.3 per cent) and the Heavy Commercial Vehicle Market is up by 54 vehicle sales (1.1 per cent) versus May 2023.
Toyota was the market leader with sales of 23,389, followed by Ford (8,806), Mazda (8,002), Kia (7,504) and Hyundai (6,495).
The Ford Ranger was Australia’s top selling vehicle with sales 5,912, followed by the Toyota HiLux (5,702), Toyota RAV4 (5,517) Isuzu Ute D-Max (2,612) and Toyota Landcruiser (2,578).
Monthly sales of Hybrid and Plug-in Hybrid vehicles saw a notable increase, capturing 15.8 per cent of the market compared to 7.9 per cent in the previous year. Battery Electric Vehicles saw a slight increase in sales accounting for 8.1 per cent of new sales, up from 7.7 per cent at the same month last year.
Source: Motor Trader e-Magazine (June 2024)
12 June 2024