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Daily Newsletter

07 September 2023

Daily Newsletter

07 September 2023

August sets Australia record

15.4% increase on August 2022

Graeme Roberts September 06 2023

New vehicle sales achieved the highest August result on record as buyers took delivery of 109,966 new vehicles, a 15.4% increase on the same period in 2022.

FCAI chief executive Tony Weber said back to back months of record breaking new car sales was positive news for car manufacturers and consumers.

“The Australian automotive sector continues to demonstrate its strength, with August recording unprecedented sales figures, reflecting both a high level of demand and improved supply of vehicles.

“Year to date sales have increased 9.9% which is a better indicator of the underlying strength of the market,” Weber added.

Weber said electric vehicles accounted for 6.4% of sales and hybrids 10.5% of sales in August.

"We are seeing growth in electric, plug-in and hybrid vehicle sales. One in six vehicles sold in August featured low emissions technology.”

Toyota was the highest selling marque with 22,321 sales. Mazda followed with 8,458 then Ford (7,898), Hyundai (6,513) and Kia (6,510).

The Toyota HiLux was the top selling vehicle recording 5,762 sales. It was followed by Ford Ranger (5,760), Toyota RAV4 (3,317), Isuzu Ute D-Max (3,281) and MG ZS (3,193).

Tyres and exhaust systems expected to dominate the automotive aftermarket industry

Today’s consumers have a great desire to customize and distinguish their vehicles. The demand for aftermarket extras, including specialized wheels, performance upgrades, interior renovations, audio systems, and aesthetic alterations, has increased owing to this trend. Per GlobalData estimates, the global automotive aftermarket industry will be valued at $677 billion in 2023 and is expected to grow at a CAGR of 5.8% by 2030.

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