Sales of recent vehicles and vehicles have jumped with Australia’s auto trade posting its finest May end result on report.
In an additional signal of bettering provide, the Federal Chamber of Automotive Industries mentioned 105,694 new autos have been delivered final month, a 12 per cent enchancment on May final yr.
The end result was additionally up 2.7 per cent in comparison with May 2017, the earlier highest for the month, and took year-to-date demand to 456,833, a 4.3 per cent enchancment on 2022.
FCAI Chief Executive Tony Weber mentioned the end result was encouraging following many months the place deliveries have been hampered by transport and logistics points.
“This result is a signal that we are starting to see some improvement in supply,” Mr Weber mentioned.
“However, not all issues are resolved, and our members continue to work with their customers to improve delivery times.”
Mr Weber mentioned the trade remained cautious about broader financial circumstances and their potential impression on demand.
“A large proportion of vehicles delivered this month would have been ordered during 2022,” he mentioned.
“Since then, we have seen a shift in economic conditions with a focus on rising cost pressures for households and businesses.
“Nevertheless, experiences from our members point out that demand stays agency.”
Sales of battery electric vehicles accounted for 7.7 per cent of the total market in May and are now running at seven per cent for the year.
Sales across all electrified vehicles, including hybrids and plug-in hybrids, came in at 15.6 per cent last month.
Toyota was the market leader in May with 18,340 vehicles, ahead of Mazda on 8475, Hyundai on 7078, Kia on 7000 and Ford on 6251.
The Toyota Hi-Lux was the top-selling mannequin with 5772 delivered forward of the Ford Ranger on 4110, Tesla’s Model Y with 3178, the Toyota RAV4 on 2616 and the MG ZS on 2502.
Source: www.perthnow.com.au
