According to the Federal Chamber of Automotive Industries (FCAI), Australian customers took delivery of 119,659 new vehicles in June marking the end of the 2023-24 financial year.
It says total sales for the first six months of 2024 were 632,412 vehicles, an 8.7% year-to-date increase over last year and surpassing the previous record of 605,522 in 2018.
However, the FCAI says the sales in June 2024 declined by 4.2% in comparison to those in June 2023.
The Ford Ranger was Australia’s top-selling vehicle in June 2024, with 6289 sales, followed by the Toyota Hilux (5630), Toyota RAV4 (3907), Mitsubishi Outlander (3045), and Tesla Model Y (,906).
The significant year-to-date milestone highlights the sustained demand for new vehicles across Australia according to the FCAI.
FCAI chief executive Tony Weber said the yearly sales were encouraging, especially considering the ongoing economic challenges.
“The end of the financial year has traditionally been a strong month for vehicle sales, and achieving 632,412 sales in six months is a testament to the market’s resilience,” Weber says.
“Battery electric vehicles (BEV) saw a slight decrease in sales, accounting for 8% of new sales, down from 8.8% in the same month last year.
“However, Australia has experienced an increase in BEV sales year-to-date, accounting for 50,219 yearly sales compared to 43,092 at the same time last year.
“We hope to break the milestone of 100,000 EV sales in 2024. As customers increasingly turn to electric vehicles, governments must focus on delivering widespread recharging capability across Australia,” he says.
According to the FCAI, the demand for SUVs and Light Commercial Vehicles continues to drive the market, contributing 54.5% and 23.3%, respectively, to the monthly sales figures.
It reports that Hybrid and Plug-in Hybrid vehicles have increased in market share, capturing 14.4% of the market compared to 7.8% in June last year. This reflects a growing consumer preference for more sustainable vehicle options.
Toyota was the market leader with sales of 20,903 in June, followed by Ford (9493), Mazda (9483), Kia (8225) and Mitsubishi (7723).
Sales in the Australian Capital Territory were the same as June 2023 (1856); New South Wales decreased by 2.1% (36,246); Queensland decreased by 6.3% (26,265); South Australia decreased by 0.5% (7932); Victoria decreased by 4.7% (32,356); Western Australia decreased by 7.6% (12,079), Tasmania decreased by 1.4% (1897) and Northern Territory decreased by 5.3% (1028).
KEY POINTS:
- The June 2024 market of 119,659 shows a decrease in new vehicle sales of 5,267 (-4.2%) compared to June 2023 (124,926). There were 25.2 selling days in June 2023 compared to 24.5 in June 2024, resulting in a decrease of 73.3 vehicle sales per day in June 2024.
- The Passenger Vehicle Market is up by 668 vehicle sales (3.3%) over the same month last year; the Sports Utility Market is down by 3811 vehicle sales (-5.5%); the Light Commercial Market is down by 953 vehicle sales (-3.3%), and the Heavy Commercial Vehicle Market is down by 1,171 vehicle sales (-17.6%) compared to June 2023.
- In June, Toyota was the market leader, followed by Ford and Mazda. Toyota led Ford with a margin of 11,410 vehicle sales and 9.6 market share points.
