Car Sales results YTD September 2024

The new car sales results for September have shown a slowing of the growth experienced to date this year.

There were some 97,020 new vehicle sales recorded for the month. YTD figures for the first three quarters has exceeded 900,000 sales, but the shine is starting to dim a touch.

September figures are about 12% down on last year.

Utes and SUVs are still popular with all of the top ten vehicles sold being either of these.  Almost 79% of all sales to date have been an LCV or SUV.

Petrol remains the dominant fuel choice with about 43% 31%. Diesel the next choice with about 31%.

Hybrids and PHEVS have shot up in popularity now accounting for almost 16% of sales. They are about double what they were last year. That’s phenomenal growth and shows the buying public favours these over EVs.

Pure EVs are dropping and now account for less than 6.5% of sales.

Toyota remains the leading brand, followed by Ford Mazda Kia and Mitsubishi. The next top five brands are Hyundai, Isuzu, MG, Nissan and a new entrant GWM.

I think what we will see in the remaining quarter is a slowing of deliveries and maybe end up even with last years results. Some brands have the winds behind them, some have headwinds. It will be interesting.

This is a Motoring Minute

Im Rob Fraser

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Car Sales Key Points:

• The September 2024 market of 97,020 shows a decrease in new vehicle sales of 13,682
  (-12.4%) compared to September 2023 (110,702). There were 24.6 selling days in September 2024 compared to 25.6 in September 2023 which resulted in a decrease of 380.4 vehicle sales per day in September 2024.
• The Passenger Vehicle Market is down by 4,123 vehicle sales (-22.2%) over the same month last year; the Sports Utility Market is down by 7,612 vehicle sales (-11.9%); the Light Commercial Market is down by 2,225 vehicle sales (-9.4%) and the Heavy Commercial Vehicle Market is up by 278 vehicle sales (6.5%) versus September 2023.
• Toyota was market leader in September, followed by Ford and Mazda. Toyota led Ford with a margin of 9,807 vehicle sales and 10.1 market share points.

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