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July 6, 2017

Australia enjoys June vehicle sales bounce

In the final year of local production, with GM and Toyota set to close their factories in October, vehicle sales in Australia set a record monthly result in June, according to VFACTS statisticians.

In the final year of local production, with GM and Toyota set to close their factories in October, vehicle sales in Australia set a record monthly result in June, according to VFACTS statisticians.

June sales reached a new monthly record high of 134,171, an increase of 4.4% year on year.

As has been the case for months, sales of SUVs and light commercials boosted the June result. SUV volume was up by 11.7% and light commercials by 12.2%. Passenger vehicle sales were down by 5.9%.

The Federal Chamber of Automotive Industries (FCAI) said demand was, in the main, driven by the business sector with sales to businesses for passenger cars increasing by 5.7%, demand for SUVs up 16.6% and light commercials by the same 16.6%.

FCAI noted a highly competitive market, low interest rates and the government's instant asset write-off provisions were likely contributors to the record result. The June sales spike lifted 2017 year-to-date results 0.2% ahead of the June 2016 YTD result.

The most significant June volume growth was in medium SUV segment (5,402 sales, up by 32.6%), upper large SUV (+20.8%), and pick-up/cab-chassis 4X4 light commercials (+16.7%). The two passenger vehicle segments which lifted during June were sports cars (+38.2%) and people movers [MPVs or minivans] (+15.4%).

The SUV market growth reflected demand across all buyer types with sales to business up by 16.6%, sales to government up 8.4% and private sales up by 5.4% compared with the same month last year. Light commercials showed a similar pattern across all the buyer groups with business purchases up by 16.6%, sales to government up by 12.5% and private by 2.6%.

Toyota remained the industry leader in June with a market share of 18.3%, followed by Mazda with a 9.3% share, and Hyundai on 9.1%. Holden (9,273 sales) and Mitsubishi (9,266 sales) both had 6.9% of the market.

The Toyota Hilux remained the country's top-selling vehicle with 5,461 sales, followed by the Ford Ranger with 5,051, the Toyota Corolla third with 3,830, the Hyundai Tucson fourth with 3,741 sales, and Mazda 3 fifth with 3,490.

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