Toyota’s RAV4 – generally sold as a hybrid – topped the new vehicle July sales with 5933 units sold.
The Ford Ranger (4915) was the second top seller, then the Toyota HiLux (4747), Toyota Corolla (2688) and Toyota Landcruiser (2464).
A new July record of 99,486 sales continues the new vehicle market strength, says the Federal Chamber of Automotive Industries (FCAI).
This result is 2.7% higher than the July 2023 one (96,859), which was the previous highest July on record, it says.
Toyota led the market with 22,705 sales in July, followed by Mazda (8476), Ford (7749,) Kia (6620) and Hyundai (6021). Toyota led Ford with a margin of 14,229 vehicle sales and 14.3 market share points.
The result would have exceeded 100,000 if Tesla (2592 reported sales) and Polestar (103 reported sales) were included in the VFACTS numbers, says FCAI chief executive Tony Weber, noting that while business and government segments were up 13.7% and 37.5% respectively, private sales were 4.2% down.
“Consistent with trends in many overseas markets, sales of hybrid vehicles are up 88.4% and plug in hybrid vehicles (PHEVs) are up 128.9% compared with July 2023,” says Weber.
“Sales of battery electric vehicles (BEVs) – with the inclusion of the reported Tesla and Polestar results – are currently at 6.6% of the market, down from 7% in 2023.”
Weber says although the first seven months of 2024 have exceeded expectations, the automotive industry remains cautious about the future pending implementation of the New Vehicle Efficiency Standard coupled with economic conditions.
