The latest car sales results for the YTD September have been released and there is a few interesting things that are in there.
Overall, the YTD result is a record but there was a 12.4% decline in September. This could be as a result of tough economic times and manufacturers finally soaking up all the back orders they were sitting on.
Electric vehicles continue their decline as early adopters have all but been exhausted and buyers are speaking with their dollars and shifting towards Hybrids and PHEVs.
These cars make sense for Australia, more than EVs. This is despite the Government trying to force consumers into EVs.
The Australian love affair with Utes continues with three of the top ten sales and the rest are SUVs.
In fact, some 56% of sales YTD have been SUVs. The LCV segment is another 22.5% so those two classes of vehicle account for almost 80% of sales.
Toyota continues its market dominance with almost 20% of the market. That’s more than the next two brands Ford and Mazda, added together. They are followed by Kia, Mitsubishi, Hyundai, Isuzu, MG, Nissan and GWM.
There have also been a few new brands enter the market, mainly Chinese and EV based, competing for a dwindling market share.
That’s going to be interesting
This is a Motoring Minute
I’m Rob Fraser
Readers can find more details about the Car Sales – HERE
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