The new car sales results for May have been released. The interesting point is that in May. Total sales were 491,525 YTD with 106887 vehicles added in May. This is about 4% fewer than the same time last year.
Of these some 21,000 were electric cars. This 20% surge has been driven by panic buying by the recent petrol pricing. YTD EVs account for about 14% of deliveries.
Overall petrol remain the dominant fuel choice followed by diesel then hybrids and PHEVS, then EVs.
SUVs continue their dominance followed by LCV, however there is a slight decline in Ute sales.
Toyota continues its run as number one brand but with 16% market share compared to 20% at the same time last year.
The next five are Kia, BYD, Mazda and Ford. The next top five brands are Hyundai, GWM, Mitsubishi, Cherry and MG.
BYD was the second top selling brand in May, and it continues its meteoric rose with new models and increasing buyer popularity.
Its plain to see the growing influence Chinese brands are having on consumer demands.
Of the top ten models three were Utes and the rest were SUVs.
Again, delving deep into the past and trying to remember bits of my economics degree. Falling sales, with increasing brand supply spells trouble for some brands.
It seems that every month a new Chinese brand launches, and eventually not all brands will find that sustainable.
This is a Motoring Minute
Im Rob Fraser
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