View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 5, 2019

Australia 2019 sales also start soft

As in neighbouring New Zealand, January 2019 signalled a cautious start to the year for new vehicle sales in Australia, according to results released by the motor industry's statistical service, VFACTS. A total of 81,994 new vehicles were sold during the month, down 7.4% on the same period in 2018.

By Olly Wehring

As in neighbouring New Zealand, January 2019 signalled a cautious start to the year for new vehicle sales in Australia, according to results released by the motor industry's statistical service, VFACTS. A total of 81,994 new vehicles were sold during the month, down 7.4% on the same period in 2018.

Tony Weber, CEO of the Federal Chamber of Automotive Industries (FCAI) attributed the results to lower levels of consumer confidence.

"The current economic environment is a challenging one, with an imminent federal election, a declining real estate market and tighter lending practices.

"However, Australia's love affair with SUVs continues. January was a solid sales period for these vehicles, with the segment claiming 43.8% of total market sales.

"Passenger sales were strong in the small car segment, with the Mazda 3, Toyota Corolla and Hyundai i30 leading the pack," Weber said.

During January, the top three brands were Toyota leading the market with 19.5% market share and 15,961 sales, followed by Mazda in second place with 11.6% market share and 9,490 sales. In third place was Mitsubishi with 8.1% market share and 6,669 sales.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto