In this month’s magazine, we review the busy and challenging year that was 2023.
In spite of the supply chain, new vehicle sales passed 1.2 million units setting another record, and the Ranger became the first Ford vehicle in 28 years (1995) to become Australia’s best-selling car.
But Toyota remained the overall market leader for the 21st consecutive year. The BMW, Isuzu Ute, Lexus, Mini, Subaru, and Volvo brands also celebrated record sales in 2023.
Hyundai Australia delivered its two millionth vehicle, a new Hyundai Kona SUV to a customer in Western Australia. The brand opened its first Australian dealership in Perth in 1986, selling one sole model, the Excel.
Automotive industry groups called for the abolition of the luxury car tax (LCT) following the Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) proposed changes to the fuel-efficient vehicle definition.
Used car prices softened in December 2023, but the Suzuki Jimny remains the vehicle that holds the strongest residual values in Australia.
There are new leaders at the helm of Chery Motor Australia and Hino Motors Australia, and Isuzu Australia Limited has also appointed a new head of network development.
And Drive has announced 12 new products to help dealers get better results for their spend in 2024.
All this plus our usual round-up of news, views, and industry statistics.
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