The Australian new car market has shattered an all-time sales record in November. According to the Federal Chamber of Automotive Industries (FCAI), a total of 112, 141 new vehicles were delivered to Australian buyers this month resulting in a 17.9 percent increase from the same period last year.
FCAI Chief Executive, Tony Weber attributed this month’s results to the strong demand for diverse vehicle options across various price brackets that cater to the needs of Australian consumers.
“This is an extraordinary result in what is now likely to be an extraordinary record-breaking year. Another record-breaking month underscores the dynamic and competitive nature of Australia’s automotive landscape, showcasing the wide array of choices available to consumers,” said Mr. Weber.
He acknowledged the challenges of the past year’s supply chain disruptions and noted that as those challenges recede, consumers have greater access to a broad range of choices, contributing to impressive sales figures.
“The automotive sector remains a testament to the resilience and adaptability of both industry players and consumers alike. However, as cost-of-living pressures hit we may see a market cooling in the coming months, and we anticipate a more challenging 2024,” Mr. Weber added.
New Car Sales by the Numbers
One notable trend is the surge in sales of battery electric vehicles (EVs), with year-to-date sales reaching 80,446. This represents a significant growth from the same period last year (28,326), highlighting the increasing interest in low-emission alternatives. EVs accounted for 7.7% of the monthly sales and 7.2% of sales year to date.
Sales figures across every State and Territory increased in November compared to the same month in 2022. Sales in the Australian Capital Territory were up by 13.0 per cent (1,628); New South Wales 17.5 per cent (34,728); Queensland 17.7 per cent (24,262); South Australia 28.3 per cent (7,281); Tasmania 13.4 per cent (2,022); Victoria 16.0 per cent (29,618); Western Australia 20.8 per cent (11,679) and Northern Territory 13.0 per cent (921).
Toyota claimed the top spot as the highest-selling marque with 21,002 sales, followed by Mazda (8,707), Ford (8,165), Hyundai (6,718), and Mitsubishi (6,268).
The Ford Ranger secured its position as the top-selling vehicle with 6,301 units, followed by the Toyota HiLux (5,901), Isuzu Ute D-Max (3,692), Tesla Model Y (3,151), and Toyota Prado (3,090).
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