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

Readers can find more details about the Car Sales  – HERE

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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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The post Car Sales results YTD September 2024 appeared first on Motoring Minute.

This is the best Car Sales result since the previous record in January 2018.

Also continuing the trend is the fact that SUVs account for about 55% of dales. Light commercial vehicles, which includes Utes, another 22%. Passenger vehicles around 18% and heavy vehicles the rest.

Petrol remains the dominant fuel source with 47% of sales. Followed by diesel with 32%. Hybrids account for 12% and battery electric vehicle sales have dropped to 5.4%.

Of the top ten vehicles, three were Utes, five were SUVs and 2 were passenger cars.

The top ten brands are led yet again by Toyota with almost 20% market share. They are followed by Mazda, Ford Hyundai, and Mitsubishi. The next five top brands are Kia, MG, Isuzu Ute, GWM and Subaru.

Despite the fast start to the year, it will be interesting to see how it works out over the coming months when residual orders are met, and the full effects of inflation and recession hit the market.

This is a Motoring Minute’

I’m Rob Fraser

TO LISTEN TO THE CAR SALES RADIO REVIEW, CLICK BELOW

Sales in Western Australia increased by 25.4 per cent compared with January 2023.  Queensland was up 5.4 per cent; South Australia by 3.7 per cent; Victoria by 6.3 per cent and NSW by 1.2 per cent.  Northern Territory recorded an increase of 11.6 per cent while sales in the ACT decreased by 7.5 per cent compared with January 2023.  Tasmania also recorded a decrease of 1.1 per cent.

Radio Segments Motoring Minute

Listeners can hear Motoring Minute segments around Australia every day on over 50 radio channels through the Torque Radio network.

Motoring Minute has an average daily audience of over 550,000 listeners.

You can also find Motoring Minute segments syndicated through other news sites around Australia.

Additionally Motoring Minute is also broadcast as part of Overdrive – Cars Transport Culture Radio Program. 

Listeners can find this program weekly on the Spotify, SoundCloud and the Community Radio Network across Australia.

The post Car Sales Results for January 2024 appeared first on Motoring Minute.