NEW CAR SALES SLUMP CONTINUES

Tony Weber, chief executive of the FCAI

Tony Weber, chief executive of the FCAI

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.

According to Tony Weber, chief executive of the FCAI, new vehicles have now seen the eighteenth consecutive month of decreasing sales in the Australian market.

“It is clear the slower sales rate the market is experiencing is in line with the broader economic environment in Australia.

“Of particular concern to the industry is the restrictive regulatory lending conditions currently facing consumers,” Mr Weber said.

“The question has to be asked – are these results telling us we have made it too difficult for people to finance basic purchases in today’s Australia?”

Total sales 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 SUVs – the Mitsubishi ASX, Mazda CX-5, Nissan X-Trail 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).

Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *