New vehicle sales remain solid

AUSTRALIAN customers took delivery of 124,926 new vehicles during June to mark the end of the 2022-23 financial year.

This result is an increase of 25.0 per cent compared with June 2022 and an 8.2 per cent increase compared with the six-month period of January to June 2022.

It is the highest June result since 2018.

FCAI Chief Executive Tony Weber said the continuing sales growth was encouraging, especially considering the ongoing issues relating to vehicle supply.

“The end of the financial year has traditionally been a strong month for vehicle sales,” Mr Weber said.

“Indications from our members are that demand for new vehicles remains solid, but the supply is not yet at a point to meet this demand. To put it simply, if we could have landed more vehicles, this would have been a record June result.

“Also, we will monitor the broader economic conditions and their potential to impact on vehicle purchasing decisions by fleets, businesses and families during the second half of this year,” he said.

Sales of zero and lowemission vehicles continued to grow with 16.6 per cent being battery electric, hybrid or plug-in hybrid models.

Battery electric vehicles accounted for 8.8 per cent of June sales and make up 7.4 per cent of new vehicle sales during the first half of 2023.

The Tesla Model Y recorded 5,560 sales, making it the secondhighest-selling vehicle behind the Toyota Hi-Lux (6,142).

“The early adopters of the new powertrain technology continue to push up the sales of electric vehicles across the country,” Mr Weber said.

“The steady introduction of new battery electric models across all model segments at more competitive price points is critically important as we deal with the challenges of supplying electric vehicles that meet business and personal consumer needs at prices the mainstream buyers can afford.” contrast

Sales across every State and Territory increased apart from the Northern Territory which recorded 1,085 sales, a reduction of 2.7 per cent compared with June 2022.

Sales in the Australian Capital Territory increased by 24.9 per cent (1,856); New South Wales 15.6 per cent (37,020); Queensland 27.5 per cent (28,029); South Australia 28.3 per cent (7,974); Tasmania 22.3 per cent (1,923); Victoria 31.8 per cent (33,966); and Western Australia 33.2 per cent (13,073).

Toyota led the market with a total of 20,948 vehicles sold. Mazda recorded 9,706 sales followed by Hyundai (8,215), Ford (7,753) and Kia (7,551).

The Toyota Hi-Lux was the highest-selling model with 6,142 sales.

Tesla Model Y recorded 5,560 sales followed by Ford Ranger (5,334), MG ZS (3,756) and Toyota RAV 4 (2,858).

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