Australia’s new car market has recorded a total of 106,809 vehicle sales in October 2023. This represents a year-on-year increase of 22.3 percent from October 2022. This is the highest October sales result since 2017.
Thanks to the record sales this month, over one million vehicles have been sold in Australia in 2023 (1,006,095). According to the Federal Chamber of Automotive Industries, this is the first time that this result has been achieved in October, with two months to spare for the year.
FCAI Chief Executive Tony Weber says this is a result of the “unwavering demand for a wide array of vehicles across various price brackets” in Australia.
“The Australian market has demonstrated incredible strength and vitality throughout 2023, culminating in Australia reaching one million sales in October for the first time, Mr Weber said.
“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.
“In the past six months, five have broken all-time sales records compared with previous years and in October 106,809 new vehicles were delivered to Australian customers.”
October 2023 Sales
In October, 38.3 percent of sales were either in light commercial Utes, large, or upper large SUVs vehicle categories. Conversely, EV sales softened to represent 5.7 percent of the market.
The Passenger Vehicle Market is up by 4,295 vehicle sales (32.2%) over the same month last year; the Sports Utility Market is up by 10,796 vehicle sales (22.3%); the Light Commercial Market is up by 4,234 vehicle sales (19.7%) and the Heavy Commercial Vehicle Market is up by 185 vehicle sales (4.5%) versus October 2022.
Sales across every State and Territory increased this month compared with October 2022. Sales in the Australian Capital Territory were 18.9 percent (1,552); New South Wales 22.8 percent (33,001); Queensland 16.4 percent (21,937); South Australia 20 percent (6,677); Tasmania 20.8 percent (1,996); Victoria 32 percent (30,740); Western Australia 12.3 percent (10,166) and Northern Territory 1.9 percent (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).
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