Sales of new vehicles across Australia increased 25 percent in June 2023 compared to the same period last year. A total of 124,926 new units were sold ending the financial year on a high note.
According to the Federal Chamber of Automotive Industries (FCAI), sales fromt his month also represents an 8.2 per cent increase compared with the six-month period of January to June 2022. It is also the highest June result since 2018.
Encouraging Results
FCAI Chief Executive Tony Weber said the continuing sales growth was encouraging, especially considering the ongoing issues relating to vehicle supply.
“The end of the financial year has traditionally been a strong month for vehicle sales,” Mr Weber said. “Indications from our members are that demand for new vehicles remains solid, but the supply is not yet at a point to meet this demand. To put it simply, if we could have landed more vehicles, this would have been a record June result.
“Also, we will monitor the broader economic conditions and their potential to impact on vehicle purchasing decisions by fleets, businesses and families during the second half of this year,” he said.
June 2023 Market by the Numbers
The Passenger Vehicle Market is up by 1,947 vehicle sales (10.6%) over the same month last year; the Sports Utility Market is up by 16,552 vehicle sales (31.5%); the Light Commercial Market is up by 4,981 vehicle sales (20.9%) and the Heavy Commercial Vehicle Market is up by 1,472 vehicle sales (28.5%) versus June 2022.
Toyota led the market with a total of 20,948 vehicles sold. Mazda recorded 9,706 sales followed by Hyundai (8,215), Ford (7,753) and Kia (7,551).
The Toyota Hi-Lux was the highest-selling model with 6,142 sales. Tesla Model Y recorded 5,560 sales followed by Ford Ranger (5,334), MG ZS (3,756) and Toyota RAV 4 (2,858).
Sales across every State and Territory increased apart from the Northern Territory which recorded 1,085 sales, a reduction of 2.7 per cent compared with June 2022. Sales in the Australian Capital Territory increased by 24.9 per cent (1,856); New South Wales 15.6 per cent (37,020); Queensland 27.5 per cent (28,029); South Australia 28.3 per cent (7,974); Tasmania 22.3 per cent (1,923); Victoria 31.8 per cent (33,966); and Western Australia 33.2 per cent (13,073).
A Good Month for Zero and Low-Emission Vehicles
Zero and low-emission vehicle sales grew this month with 16.6 per cent being battery electric, hybrid or plug-in hybrid models. BEVs accounted for 8.8 per cent of June sales and make up 7.4 per cent of new vehicle sales during the first half of 2023.
“The early adopters of the new powertrain technology continue to push up the sales of electric vehicles across the country,” Mr Weber said.
“The steady introduction of new battery electric models across all model segments at more competitive price points is critically important as we deal with the challenges of supplying electric vehicles that meet business and personal consumer needs at prices the mainstream buyers can afford.”
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