Genuine Article Australia Edition 25

Edition 25 | March 2026

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Used car sales rebound in January as listings tighten Australia’s used car market has started 2026 on a

Alternative powertrains again stood out. Hybrid

while vehicle listings continued to tighten, according

sales climbed 20.1% to 2889 units. At the same time,

stronger footing, with sales lifting sharply in January to the latest Automotive Insights Report.

The January 2026 report, released by the Australian Automotive Dealer Association in partnership with

vehicle sales rose 15.3% in January, while used EV EV listings jumped 30.5%, suggesting improved

availability is helping to unlock demand in the used market.

AutoGrab, shows 188,421 used vehicles were sold during the month, up 9.7% from December.

On the supply side, active used car listings fell 5.4% month on month to 291,666 vehicles, pointing to tightening stock levels across the market.

Despite the lift in sales, vehicles are taking longer to sell than at the spring low point, suggesting buyers

remain cautious and conditions are more balanced than in recent peak years.

AADA chief executive James Voortman says the January results reflect a return to normal post-

Christmas activity rather than a surge in demand.

“A solid lift in sales to start the year suggests

buyers have returned to the market after the typical December slowdown, but conditions remain more

balanced than the highs we saw in previous years,” Voortman says.

“Even with stronger volumes, days to sell have

continued trending higher since the lows recorded in

September, which tells us consumers are taking their time and shopping carefully.”

Average days to sell rose to 49.4 days in January,

P ag e 04 | au t o ta l k . co o m. au

continuing a gradual upward trend since September.

Sales rose across every state and territory in January, led by strong gains in Western Australia, South

Australia and Queensland. The Northern Territory recorded the largest percentage increase, albeit from a low base.

SUVs continued to dominate demand, accounting for 85,491 sales, up 14.5% month on month, while

passenger cars lifted 3.2%. Sales of used utes rose 11.4%, reflecting ongoing demand from trades and regional buyers.

Tesla remained the dominant brand in the used EV

segment, with the Model 3 and Model Y the two topselling electric vehicles nationally, although several newer models recorded rapid growth from a low

base, including the MG4, BMW iX2 and Polestar 2.

The Ford Ranger retained its position as Australia’s

top-selling used vehicle overall, ahead of the Toyota HiLux and Toyota Corolla. Strong growth was also

recorded by the Toyota RAV4 and LandCruiser Prado.

The report shows retained values remained resilient for newer vehicles, particularly SUVs and light

commercial vehicles, although EV retained values

softened in January after strong gains late last year.

The Automotive Insights Report provides a monthly snapshot of national used car sales, listings and

market trends, drawing on dealership and wholesale data from across Australia.

Australian-founded AI car data platform sold to US investor A data platform that analyses one in every three

“Our AI technologies have proved attractive to

100% cash deal by a San Francisco-based investment

the $1.6 trillion used car market. Our new owners are

used cars sold in Australia has been acquired in a

firm, in a move set to strengthen its footprint across Australia and New Zealand.

Dubai-based AlgoDriven has been fully acquired by

dealership franchises, manufacturers and banks in

long-term capital partners and will help AlgoDriven build on these foundations to reach its full global potential,” Harwood says.

Emergence, a software-focused investor backed by The Pritzker Organization.

AlgoDriven, founded in 2017 by Australians Glenn

Harwood and Jaron Crossland, provides artificial intelligence-powered valuation and appraisal

software to dealerships operating in the US$1.6

trillion global used car market. The company says it currently values more than US$25 billion worth

of used vehicles annually across more than 1000

dealerships in 10 countries, with a primary focus on Australia, New Zealand and the Middle East.

The company is the number one automotive software appraisal provider in Australia, where it claims its technology analyses one in three used vehicles

sold. Dealers representing brands including Toyota, Mercedes-Benz, Ferrari, BYD, Audi, Volkswagen,

Hyundai, Stellantis, General Motors and Ford use the platform.

For New Zealand dealers, where used vehicle pricing

and stock management remain under pressure amid tighter margins and fluctuating import volumes, the

deal signals continued investment in AI-driven tools aimed at improving trade-in accuracy, residual value forecasting and stock turn.

Harwood says the acquisition marks the next phase of the company’s growth.

“We are delighted to complete this exciting deal and to take the next step of AlgoDriven’s growth journey with the ownership and backing of Emergence and The Pritzker Organization.

“We are proud that a UAE-based company, which has expanded internationally and profitably, has

attracted a suitor from the world’s leading economy

is backing an established market leader.

“We are investing in a proven market leader in AIpowered automotive data, and are delighted to complete this transaction with AlgoDriven.

“Glenn and his team have built a platform relied

upon internationally, by dealerships representing

the world’s most recognisable car brands. We look forward to accelerating their global expansion;

deepening their AI capabilities even further, and welcome them to the Emergence family.”

Emergence says it will inject additional capital to

expand AlgoDriven’s presence into the US and Latin

American markets and to enhance its AI capabilities, including tools aimed at enabling dealerships to autonomously value, buy and sell used vehicles.

The transaction, which requires no further regulatory approval, provides a cash exit for existing investors including Oman Technology Fund, Global Ventures, 500 Global, Automotive Ventures, Oraseya Capital and Social Capital.

P a ge 0 5

and one of its most renowned business families.

Emergence chief executive Henry Zhang says the firm

BYD targets 2027 for solid-state battery production Chinese electric vehicle manufacturer BYD expects

Premium deployment before mass market rollout

quantities by 2027, following a series of technical

BYD plans to initially deploy sulfide-based solid-state

capabilities.

expanding to mass-market models. The first two

According to Chinese media outlet Cailian Press,

phase with limited output, with mass production

to begin producing solid-state batteries in limited breakthroughs in battery life and fast charging

BYD’s Investor Relations Department confirmed the timeline on 9 February 2026, marking a significant

batteries in its higher-end electric vehicles before years of production will serve as a demonstration expected to begin toward the end of the decade.

step in the company’s development of sulfide-based

The timeline positions BYD alongside several other

safety, and higher energy density compared to

technology. China’s FAW Group and Dongfeng Motors

solid electrolytes that promise superior conductivity,

manufacturers advancing solid-state battery

traditional lithium-ion batteries.

began testing solid-state batteries in prototype

vehicles in January 2026, with Dongfeng’s prototype equipped with a 350 watt-hours per kilogram solidstate battery that the company claims can deliver more than 1000 kilometres of CLTC driving range.

Mercedes-Benz achieved a 1200-kilometre range in

a modified EQS equipped with Factorial’s solid-state battery cells in September 2025, while Factorial

launched the first commercial solid-state battery

program in the United States through a partnership with Karma Automotive.

The announcement aligns with previous statements from Sun Huajun, chief technology officer of BYD’s

Toyota, Volkswagen, Stellantis, Honda, and Nissan are

who outlined the company’s solid-state battery

with most companies targeting similar timelines

battery business Shenzhen BYD Lithium Battery Co,

also developing solid-state electric vehicle batteries,

roadmap at the 2nd annual China All-Solid-State

of limited production in the mid-2020s followed by

Battery and Development Summit.

mass production around 2030.

Sun said sulfide electrolytes are longer-lasting

For Australian consumers, BYD’s solid-state battery

batteries, while enabling faster charging capabilities.

in electric vehicle performance and convenience.

BYD’s solid-state battery development follows

Australian market through local distributor EVDirect,

beginning its solid-state battery program in 2013.

Seal across multiple price segments.

demonstrating that mass production was feasible

The solid-state technology promises faster charging

P ag e 06 | au t o ta l k . co o m. au

and more stable than traditional liquid lithium-ion

more than a decade of research, with the company In 2023, BYD reached a significant milestone by

development could deliver significant improvements BYD has established a growing presence in the

offering models including the Atto 3, Dolphin, and

with various cell systems and materials.

times, longer driving ranges, and improved safety

The company began testing solid-state battery cells

addressing key consumer concerns about electric

hours in 2024, though BYD previously dismissed

landscape.

with capacities of 20 ampere-hours and 60 amperereports that it was already testing the technology in its Seal electric vehicle sedan on public roads.

compared to current lithium-ion batteries, potentially vehicle adoption in Australia’s vast geographical

Ford partners with universities on extreme environment automation Ford Australia has joined six Australian universities in an $11 million program to develop autonomous vehicle technology for extreme and remote

environments, potentially positioning Australia as a global leader in specialised vehicle automation.

The ARC Training Centre for Automated Vehicles for Rural and Remote Regions (AVR3) brings

together researchers from Queensland University

of Technology, Swinburne University of Technology, Deakin University, Sydney University, University

of Technology Sydney, and University of Western

Australia alongside industry partners including Ford.

The collaboration targets applications beyond

typical urban automation, focusing on dangerous

emergency services – to really understand their day-

operations, and remote agricultural areas where

conditions,” said Jeremy Welch, Special Projects

environments such as bushfire zones, mining

to-day work and the exposure they have to harsh

human safety is at risk.

Engineer at Ford Australia.

“Australia has unique uses for autonomous vehicles.

“It was clear to us that these customers needed

technology that helps remove risk to human life

that they could benefit from automation for risk

What we want to do is develop autonomous vehicle

extremely heavy-duty vehicles, but we also saw

in situations like bushfires, makes roads safer by

management, productivity, and cost.”

farms, and frees up humans so they can do other

Welch said Ford designed the Ranger as a “smart

care rather than driving,” said Professor Sebastian

technology for future automation applications.

automating monotonous driving tasks like those on work, like freeing up paramedics to deliver patient Glaser, Centre Director of AVR3, headquartered at QUT.

Addressing automation gaps in harsh conditions Current vehicle automation development globally focuses primarily on urban environments for

applications like last-mile delivery. However, extreme terrain, smoke, flood conditions, and remote roads present additional challenges including lack of

lane markings, steep gradients, and large wildlife encounters.

The AVR3 program specifically addresses these gaps, with the Ford Ranger and Ranger Superduty serving as the development platform for the automation technology.

Ranger Superduty, we spoke to customers across heavy industry – mining, agriculture, forestry,

Expanding existing automation uses Mining companies already use automated Ford

Rangers in some operations. The AVR3 program aims to expand these applications, particularly focusing on safe automation use on public roads.

Professor Glaser said the opportunities extend across multiple sectors. “The opportunities are endless

– there are so many uses that we can test for in Australia and that could benefit people outside urban areas.”

The program represents a significant industry-

academic collaboration model, with Distinguished

Professor Saeid Nahavandi, Associate Deputy Vice-

Chancellor, Research & Chief of Defence Innovation at Swinburne University of Technology, highlighting its importance.

P a ge 0 7

“When our Aussie team was working on Ranger and

truck” to facilitate easier integration of autonomous

Toyota tops global brand study as BYD breaks through Toyota Group has reclaimed the top position in

global automotive brand value rankings, while BYD has become the first Chinese brand to reach the

top three, according to the 2025 AutoVision Global Automotive Brand Value Evaluation Report.

The annual study by AutoVision Awards shows

Toyota leading the rankings ahead of Volkswagen

Group in second place and BYD in third. The results reflect what AutoVision describes as “historic

reconfiguration” in the global automotive industry’s brand value landscape.

Toyota’s return to the summit comes through what

the report calls a “multi-pathway carbon neutrality strategy” that integrates hybrid, battery electric

and hydrogen fuel cell technologies. The Japanese manufacturer’s global electric vehicle sales

increased substantially in 2025, while hybrid variants still account for more than half of volume.

BYD’s achievement marks a significant milestone for

Toyota’s renewable energy utilisation across

that Chinese automotive groups now occupy 10

material usage at 25 percent. Volkswagen’s “Way

Chinese automotive brands, with the report noting positions in the top 30 rankings. Great Wall Motors

and Dongfeng Motor Group entered the rankings for the first time.

to Zero” strategy has reduced product lifecycle

emissions by 30 percent through full value chain decarbonisation measures.

The Chinese manufacturer’s success stems from

The report identifies digital ecosystems as

integration strategy,” functioning as both an

social media and user co-creation platforms

what AutoVision describes as “vertical technology automotive manufacturer and proprietary developer of core technologies including battery systems,

electric motor motor controls and semiconductors.

BYD’s third-generation Blade Battery technology

P ag e 08 | au t o ta l k . co o m. au

factories reached 79 percent in 2025, with recycled

achieved energy density of 180 Wh/kg while reducing costs by 15 percent compared to the previous

generation. The company’s DM-i super hybrid system achieves fuel consumption of 3.8 litres per 100

kilometres, establishing what the report calls “a new benchmark in global hybrid markets.”

increasingly central to brand development, with becoming “central arenas where automotive brands establish deep connections with consumers.”

Brands including BYD, Tesla and Mercedes-Benz demonstrate strong performance in interactive

content and community engagement on platforms such as TikTok and other social networks, directly driving product awareness and sales conversion.

Global market dynamics shifting AutoVision’s analysis indicates the global automotive

Sustainability transformation drives value growth

industry has entered what it describes as a “critical

The study emphasises that sustainability has evolved

energy vehicle penetration crossed 35 percent by

from a compliance obligation to a core strategic asset driving brand value. Leading automotive

brands are intensifying investment in environmental technology development, supply chain

decarbonisation and circular material application.

phase of systemic reconfiguration.” Global new

2025, signalling that electrification transition has moved beyond early adoption into mainstream market diffusion.

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China bans flush door handles from 2027 China has moved to ban hidden or flush door

“China is the first major automotive market to

with the ruling taking effect from January 1, 2027.

release hidden door handles,” Liu said. “While other

handles from all new locally manufactured vehicles, The announcement was made last week by China’s Ministry of Industry and Information Technology,

citing safety concerns around victims being trapped inside vehicles following collisions.

Manufacturers with vehicles already approved for production will have until January 2029 to make the necessary changes to comply with the new regulations.

Flush door handles first entered the automotive

P ag e 1 0 | au t o ta l k . co o m. au

mainstream with Tesla’s early Model S and Model X

vehicles. While they offer benefits in terms of design

and aerodynamics, safety concerns around their use on electric vehicles have led to this comprehensive ban.

The new Chinese regulations specify that door

handles must have a recess of at least 60mm by

20mm behind the handle. Vehicles must also feature

clear interior signage showing exactly how to operate the handle.

Chris Liu of Omdia told AP that other countries may follow China’s lead on the safety measure.

explicitly ban electrical pop-out and press-to-

regions have flagged safety concerns, China is the

first to formalise this into a national safety standard.”

The ruling could have significant implications for

the Australian market, given the growing number

of Chinese-manufactured vehicles being imported.

Major brands including BYD, GWM, and MG – all

of which have gained substantial market share in

Australia – will need to ensure their China-produced models comply with the new requirements.

The ban may also influence global automotive

design trends, particularly as manufacturers seek

to standardise production across different markets rather than create region-specific variants.

Australian safety regulators have not indicated

whether similar measures are being considered

locally, though the Chinese decision may prompt

review of existing standards for door handle design and operation.

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DID YOU KNOW: In 2024, 70% of Support Line

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Terms & Conditions All pricing is based on a from price. All prices are in Australian Dollars and are based on per person twin share occupancy unless stated otherwise. Airfare is based on promotional economy class fares. Flights may not be direct or operate daily. Cannot stay longer than 1 month after departure from point of origin. Prices are subject to promotional fare availability. Air surcharges apply during Australian school holidays and Peak periods. Prices are correct at the time of publication, priced per person based on twin share, may change without notice & subject to availability. Prices quoted are on sale until or sold out. All packages are valid for travel subject to end dates. Seasonal surcharges & blackout dates may apply depending on the date of travel. Additional fees, including surcharges and visa fees specific to your departure date may apply. Preferred airlines, additional nights or room type upgrades can be requested at time of enquiry. All will result in additional fees.

Nissan posts positive third-quarter profit, lifts full-year outlook

Nissan Motor Co has delivered a positive third-

quarter operating profit of 17.5 billion yen (A$161m) and raised its full-year outlook, signalling steady

progress in its restructuring efforts despite ongoing market pressures.

The Japanese automaker reported global sales of

2.26 million units in the nine months ended December 2025, with consolidated net revenue totalling

8.6 trillion yen. While the company recorded an

operating loss of 10.1 billion yen for the nine-month

period, this represented a notable improvement from cumulative results through the second quarter as operating losses continued to narrow.

Net income for the nine months came in at negative 250.2 billion yen, primarily due to lower income from equity-method companies and restructuring costs.

Despite the challenges, Nissan maintained a robust

implementation of innovative efficiency measures.

Fixed cost reductions are progressing rapidly, with the company delivering over 80 billion yen in the

first half and reaching 160 billion yen ahead of plan.

Nissan expressed confidence it will surpass its 250 billion yen target by fiscal year 2026.

The consolidation of vehicle production sites is

progressing toward completion, with all seven sites for consolidation announced within ten months.

Engineering cost-per-hour improvement stands at 15% toward a 20% goal.

“Through the collective efforts of employees

company-wide, we are delivering steady progress

under Re:Nissan,” president and chief executive Ivan Espinosa said.

financial position with total liquidity of 3.6 trillion yen,

“We have announced all seven sites for consolidation

as of December.

and significant advancement on fixed-cost

including 2.1 trillion yen in cash and cash equivalents

P ag e 2 6 | au t o ta l k . co o m. au

yen in potential variable cost savings through

The company has revised its full-year outlook for fiscal year 2025, adjusting global sales volume

forecast to 3.2 million units. Net revenue is expected to reach 11.9 trillion yen, while operating profit is

within ten months, reflecting disciplined execution

improvements. Although sales remain under pressure and tariff impact continues, we are maintaining operational focus and recognising the ongoing momentum of our product lineup.”

projected to improve to negative 60 billion yen,

Espinosa acknowledged that fiscal year 2025 will

compared with the previous forecast.

cash accounting charges, but said these actions

representing an improvement of 215 billion yen Re:Nissan restructuring advances

Under its Re:Nissan restructuring plan, the company is advancing efforts to achieve positive automotive operating profit and free cash flow by the end of fiscal year 2026. Nissan has identified 240 billion

reflect a substantial net loss driven primarily by nonare necessary to strengthen long-term operating

performance. The company will continue reinforcing its financial foundation and increasing revenue

through the introduction of competitive new models, supporting its trajectory toward Re:Nissan goals.

Inchcape expands FOTON dealer network to 28 locations Inchcape has added nine FOTON LCV Sales & Service Centres to its Australian network, bringing the total to 28 locations as the distributor accelerates the

brand’s retail expansion following the launch of the TUNLAND ute.

The new centres span central and regional areas

across New South Wales, Victoria, Queensland, the

Northern Territory and Tasmania, expanding access to sales, servicing and aftersales support.

The network expansion follows the arrival of the

FOTON TUNLAND dual-cab ute in the fourth quarter of 2025, marking the brand’s entry into Australia’s competitive ute segment.

“Launching TUNLAND was an important milestone for the FOTON brand in Australia, but it’s only one part

of the story,” FOTON Australia general manager Glen Cooper says.

“Equally important is ensuring customers have confidence in the support behind the product.

Continued investment in our retail and service

network reflects Inchcape’s commitment to ensuring

FOTON owners have access to a quality network of national support and are well supported.”

TUNLAND specifications and market positioning The TUNLAND has been engineered for Australian

conditions with a 3500kg braked towing capacity and payloads of up to 1050kg depending on variant. The

dual-cab ute combines performance and technology at what FOTON describes as an attainable price point.

FOTON positions the model to meet demands across work and recreational use in one of Australia’s most competitive vehicle segments.

Inchcape was appointed as FOTON’s Australian distributor in 2024. The brand is China’s largest commercial vehicle manufacturer and has led

Chinese commercial vehicle sales for 19 consecutive years.

Customers can contact their local authorised FOTON retailer for information on the TUNLAND range and

available services. Dealer locations are available at fotonaustralia.com.au/find-a-dealer.

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596 | www.waverleymotorgroup.com.au 1800 054 596 | www.waverleymotorgroup.com.au | glwnitradeparts@ngpgroup.com.au | glwnitradeparts@ngpgroup.com.au 54 596 | www.waverleymotorgroup.com.au | glwnitradeparts@ngpgroup.com.au Connect with Waverley Motor Group

Connect with Waverley Motor Group

Geely Holding targets top-five global ranking by 2030

Geely Holding Group is targeting global sales of more than 6.5 million vehicles and revenues exceeding 1 trillion RMB (AU$203b) by 2030 as it aims to break into the top five global automakers.

The Chinese group, which owns Volvo Cars, Zeekr,

Polestar, Lotus, Lynk & Co, and Geely Auto, released

its five-year strategic blueprint on February 10 under the banner “One Geely, Leading through Innovation and Integration”.

New energy vehicles are targeted to make up more than 75 per cent of total sales by 2030, with sales

outside China accounting for more than a third of the group’s annual total.

2025 results underpin ambitions The targets follow a record 2025 in which Geely

Holding sold 4.116 million vehicles globally, up 26 per

drive, and hybrid powertrains.

Its G-Pilot intelligent driving platform is being

developed for full L2 coverage across the range, with L3 pilots advancing and L4 capabilities and robotaxi operations being accelerated. The group says the

thermal efficiency of its NordThor AI hybrid engine is expected to exceed 50 per cent.

New products on the horizon include the i-HEV

Intelligent Dual Engine hybrid system, which Geely says will be the world’s first hybrid to feature “AI

cloud-power” and target fuel consumption as low as 3L/100km. The upcoming Zeekr 8X will combine battery-electric performance with super hybrid capability.

Robotaxi and mobility plans

cent year-on-year and its fifth consecutive year of

The group is also building what it calls an integrated

per cent increase, for a penetration rate of 56 per

together Geely Auto, aerial mobility subsidiary

growth. NEV sales reached 2.293 million units, a 58 cent. The group ranked seventh globally and was

the fastest-growing company among the top ten automotive groups.

Central to the strategy is closer collaboration

P ag e 2 8 | au t o ta l k . co o m. au

electrical and vehicle architecture, battery, electric

across Geely’s brand portfolio. The group says it will

“space-air-ground” mobility ecosystem, bringing

Aerofugia, ride-hailing platform Cao Cao Mobility,

and satellite company Geespace. By 2030, it plans to

deploy 100,000 customised robotaxi vehicles through Cao Cao Mobility with plans for global commercial operations.

leverage the domestic market strengths of Geely

Geely says it will push key factories towards carbon

the established European and American presence of

reduction roadmaps over the next five years. The

Auto, Geely Galaxy, Lynk & Co, and Zeekr alongside

Volvo, Polestar, and Lotus. A partnership with Renault Group also features in the plan.

The group is targeting a 30 per cent reduction in

both average R&D cycles and overall cost per model through shared new energy vehicle architectures covering A- to E-class vehicles.

Technology pipeline Geely outlined a “Seven Dimension” technology

ecosystem spanning intelligent driving, cockpit,

neutrality and work with suppliers to develop carbon group is also launching a youth innovation incentive programme with an initial investment of 50 million yuan, growing to 300 million yuan.

The strategy marks a significant moment for the

group as it celebrates its 40th anniversary in 2026.

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