We are one month closer to one million new cars being sold in 2021. With the October 2021 results reflecting stock shortages caused by the lack of semi-conductors, fleet and novated lease buyers are driving the market demand well into 2022.
New car sales in October 2021 reached 74,650 new vehicles which is a decrease of 8.1% on October 2020 figures. This decrease represents the impact of ongoing microprocessor shortages on international supply chains, but the supply of vehicles to Australia is expected to stabilise in 2022.
Sales in the Australian Capital Territory were down 22.3% on October 2020. Western Australia recorded a decrease in sales of 15.4%, followed by the Northern Territory with a decline of 12.4% in vehicles sold. NSW recorded a fall of 12.2 % and South Australian figures were down 11.9% compared to the same month last year. Queensland recorded 10.3% less vehicles sold on October 2020 figures. Tasmania recorded a decrease of 1.6% vehicles sold and Victoria saw an increase of 6.3% on last year’s figures.
FCAI Chief Executive Tony Weber said it was clear manufacturers were having challenges with supply chains.
“Automotive manufacturers like all those in the global manufacturing sector are dealing with a microprocessor shortage which is leading to longer wait times to get products to market. Australians are continuing to purchase vehicles, and carmakers are working to deliver products to our shores,” Mr Weber said.
While sales were down overall, the number of electric vehicles sold continues to rise. This correlates with more State and Territory incentives for EVs coming online throughout the country.
“We have seen Victoria and NSW release comprehensive legislation to support electric vehicles which was followed just last week by South Australia.
“All of these jurisdictions worked proactively with industry to provide infrastructure investment and consumer incentives. We look forward to working with Governments at all levels to form nationally consistent policies which will make electric vehicles more accessible to the Australian motorist,” Mr Weber added.
Toyota was the market leader in October with 15,395 vehicles sold. This was followed by Hyundai with 6,115 and Ford with 5,462. Mazda was fourth place selling 5,181 cars and Kia came in fifth with 4,853.
The top five selling new cars in October 2021 were:
- Ford Ranger – 4,135
- Toyota Hi-Lux – 3,961
- Toyota Landcruiser – 2,031
- Toyota Corolla – 1,989
- Hyundai i30 – 1,946