New Car Sales Dip in May 2022

The Australian new car sales market has dipped for the second time in a row. According to the Federal Chamber of Automotive Industries (FCAI), 94,383 vehicles were sold in May bringing the year-to-date total to 437,884. This is a 6.4 per cent drop from the same month last year.

FCAI Chief Executive Tony Weber says this is due to the stress that the pandemic continues to put on global supply chain.

“The global automotive industry continues to be plagued by a shortage of microprocessor units and shipping delays. This issue is not unique to Australia,” according to Mr. Weber.

“Car makers continue to report high demand across dealer showrooms and online marketplaces. Pandemic interruptions continue to impact manufacturing and conflict in Ukraine has disrupted vehicle component supply. Monthly sales figures are also dependent on shipping arrivals which continue to be uncertain. We do not expect supply chains to stabilise until these issues are resolved.”

Sales across every State and Territory were down apart from the Northern Territory where 973 vehicles were sold representing an increase of 2.4 per cent on May 2021. Sales in the Australian Capital Territory fell 11 per cent (1,367); New South Wales 6.3 per cent (30,757); Queensland 11.3 per cent (18,997); South Australia 8.2 per cent (6,098); Tasmania 6.8 per cent (1,651); Victoria 0.8 per cent (25,164); and Western Australia 9.1 per cent (9,353).

The Passenger Vehicle Market is down by 2,966 vehicle sales (-14.7%) over the same month last year; the Sports Utility Market is down by 2,146 vehicle sales (-4.0%); the Light Commercial Market is down by 1,649 vehicle sales (-7.1%) and the Heavy Commercial Vehicle Market is up by 335 vehicle sales (8.8%) versus May 2021

Toyota led the market with a total of 22,813 vehicles sold. Kia was next with 7,307 followed by Hyundai (7,063), Mazda (6,474) and Mitsubishi (6,086).

The Toyota Hi-Lux was the highest-selling model with 5,178. Toyota’s RAV4 was next with 3,925 followed by Ford’s Ranger (3,751); Toyota’s Corolla (3,310); and Toyota’s Landcruiser (2,667).

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