Joined: 14 Aug 2006
|Posted: Sat Oct 05, 2019 9:06 pm Post subject: Australian New Vehicle Sales continue to slow
|Australian New Vehicle Sales continue to slow
The Federal Chamber of Automotive Industries, the peak body for the automotive industry in Australia, has released new vehicle sales figures for the month of September 2019.
New vehicles have now seen the eighteenth consecutive month of decreasing sales in the Australian market.
The slower sales rate is in line with the broader economic environment in Australia and of particular concern to the Australian automotive industry is the restrictive regulatory lending conditions currently facing consumers.
Our automotive industry is taking the view that it is now too difficult for people to finance basic purchases.
Total sales in Australia for the month numbered 88,181 vehicles, a decrease of 6,530 vehicles, or 6.9 per cent, on September 2018.
On a year-to-date basis, a total of 811,464 new vehicles were sold, a decrease of 69,541 vehicles, or 7.9 per cent, on the same period in 2018.
During the month, the Sports Utility Market (41,861 units) lifted by 1.1 per cent, while the Passenger Vehicle Market (24,893 units) was down 18.3 per cent, and the Light Commercial Market (18,257) decreased by 5.4 per cent.
Of the top ten best-selling vehicles, the top three were Light Commercial Vehicles – the Toyota Hi-Lux, Ford Ranger and Mitsubishi Triton. Four of the remaining seven were Sports Utility Vehicles – the Mitsubishi ASX, Mazda CX-5, Nissan XTrail and the Mitsubishi Outlander. Only three of the top ten vehicles were Passenger Vehicles – the Hyundai i30, Toyota Corolla and the Kia Cerato.
Toyota remained the top selling marque for the month with 15,166 sales for 17.2 per cent market share, followed by Mitsubishi (8,990 for 10.2 per cent market share), Mazda (8,168 sales for 9.3 per cent market share) Hyundai (7,245 sales for 8.2 per cent market share) and Kia (5,128 for 5.8 per cent market share).
The Passenger Vehicle Market is down by 5,594 vehicle sales (-18.3%) over the same month last year; the Sports Utility Market is up by 441 vehicle sales (1.1%); the Light Commercial Market is down by 1,041 vehicle sales (-5.4%); and the Heavy Commercial Vehicle Market is down by 336 vehicle sales (-9.6%) versus September 2018.
Toyota was market leader in September, followed by Mitsubishi and Mazda.
Toyota led Mitsubishi with a margin of 6,176 vehicle sales and 7 market share points.
Every State and Territory recorded a decline in September sales compared to 2018 with the exception of South Austraia which had a healthy increase in new vehicle sales.
September 2019 September 2018 and % increase OR decrease in sales
AUSTRALIAN CAPITAL TERRITORY
1,337 1,485 -10.0%
NEW SOUTH WALES
27,682 30,957 -10.6%
602 768 -21.6%
17,535 18,290 -4.1%
6,645 5,721 +16.2%
1,927 2,458 -21.6%
24,686 26,727 -7.6%
7,767 8,305 -6.5%
Total 88,181 94,711 or -6.9%