New Car Sales – The latest new car sales results for the YTD October have been released. The market remained steady with small variations from the last two years.
What is interesting is the continued growth of hybrid and PHEV sales.
Petrol remains the dominant fuel source with about 39% of the market. Followed by diesel with about 30%. Hybrids account for about 15% of sales and Plug in Hybrids adds another 4%.
Pure EVs account for about 8% of sales.
SUVs again dominated the market, accounting for 61.7 per cent of total sales. Medium SUVs alone accounted for one in four vehicles sold, the most popular segment nationally. Passenger vehicles made up just 12.2 per cent of sales.
Toyota remains the top brands. Followed by Ford, Mazda, Kia, and Hyundai.
The next five brands are where the changes reflect the growing Chinese brand growth.
They are Mitsubishi, GWM, BYD, MG and Isuzu Ute.
Utes make up four of the top ten vehicles delivered in October. The other six were SUVs.
The Ute segment remains buoyant. In this the BYD Shark 6 PHEV has continued with strong sales while the Kia Tasman has so far failed to excite the market. The old favourites HiLux, Ranger, D-Max and Triton keep satisfying buyer demand.
Into this segment there have been quite a few new entrants and the next 4-6 months will prove interesting.
This is a Motoring Minute
I’m Rob Fraser
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