VFACTS June 2024: New-Car Sales Streak Breaks After 14 Months of Growth

After 14 months of record-breaking growth, the longest streak in 20 years, the Australian new-car sales market recorded its first decline.

Recent data released by the Federal Chamber of Automotive Industries (FCAI) confirmed that 119,659 vehicles were purchased, a 4.2% decrease from the same month last year.

“The end of the financial year has traditionally been a strong month for vehicle sales and achieving 632,412 sales in just six months is a testament to the resilience of the market” said FCAI Chief Executive Tony Webster.

“Battery electric vehicles (BEV) saw a slight decrease in sales accounting for 8.0 per cent of new sales, down from 8.8 per cent at the same month last year.”

“We hope to break the significant milestone of 100,000 EV sales in 2024.”

Electric Vehicles, Hybrids and Plug-In Hybrids

Recording 15,336 sales for the month, Hybrid vehicles continue to be popular among Australian drivers. Australian new car buyers purchased 9,583 electric vehicles, up 6.8% from the previous month.

Plug-in Hybrid Electric Vehicles (PHEVs) were also popular with 1,949 sales, up 41.9% from May 2024.

Top 10 Cars Models in June 2024

The Ford Ranger remained the top-selling vehicle, surpassing its rival Toyota Hilux by 659 sales. Three of the Top 10 finishing positions were utes, Ford Ranger (1st position), Toyota HiLux (2nd position), and Isuzu D-Max (6th position).

In June 2023, utes claimed five of the Top 10 finishing positions, an indication of how our preferences in vehicles have evolved.

The Tesla Model Y jumped up 10 spots from last month claiming 5th position, leaving Tesla’s Model 3 out of the top 10.

Top 10 Car Brands In June 2024

With 20,903 sales, Toyota finished as the market leader followed by Ford (9,493), Mazda (9,483), Kia (8,225) and Mitsubishi (7,723).

Offering just two vehicles, Tesla claimed 7th position recording 4,683 sales for June. Last month's top 10 finishers, MG and GWM, dropped out, claiming 11th and 12th positions, respectively.? ?????????????????????????????????? ???????????? ??????

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