Looking at the latest new car sales figures, we can’t help but wonder if the market is experiencing a post-COVID hangover of supply chain delays and massive order pipelines without a glimpse towards the future of impending net zero emission targets for transport and the implementation of NVES.
There were a total of 111,099 vehicles sold in May, surpassing last year’s figure of 105,694 which previously was the best May result on record. Utes dominated the top five selling models with the Toyota RAV4 (which are predominately hybrid), flying the low emissions flag.
The year-to-date sales now stand at 512,753 marking an increase of over 55,920 vehicles compared to the same period last year (456,833).
FCAI Chief Executive Tony Weber remarked that another record-breaking month underscores the ongoing strength of the industry.
“The continued growth highlights consumer confidence and the industry’s ability to meet diverse needs of Australian motorists despite current economic challenges,” Mr Weber said.
“The Australian market is one of the most open and competitive in the world which supply consumers with a wide choice of vehicle across all segments and price categories.”
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.
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 top selling new cars in May 2024 were:
- Ford Ranger – 5,912 units
- Toyota HiLux – 5,702 units
- Toyota RAV4 – 5,517 units
- Isuzu Ute D-Max – 2,612 units
- Toyota Landcruiser – 2,578 units
