New vehicle market motoring despite brakes on supply

New vehicle market motoring despite brakes on supply

Sales of latest automobiles and vehicles are surging in Australia, regardless of ongoing provide points.

Australian prospects took supply of 124,926 new automobiles in June, a 25 per cent enchancment on the identical month final 12 months, the Federal Chamber of Automotive Industries stated.

It was one of the best June consequence since 2018 and took demand for the primary half of 2023 to 581,759, an 8.2 per cent enchancment.

The enhance appeared to defy current cost-of-living pressures and surging rates of interest, though quite a few the automobiles delivered might have been ordered months in the past.

Chamber chief govt Tony Weber stated the persevering with gross sales development was encouraging, particularly contemplating ongoing points with securing inventory.

“The end of the financial year has traditionally been a strong month for vehicle sales,” Mr Weber stated.

“Indications from our members are that demand for new vehicles remains solid, but the supply is not yet at a point to meet this demand.

“To put it merely, if we might have landed extra automobiles, this is able to have been a file June consequence.”

Sales of zero and low-emission vehicles continued to grow in June with battery electric, hybrid or plug-in hybrid models accounting for 16.6 per cent of the market.

Demand for battery electric vehicles finished at 8.8 per cent while Tesla delivered 5560 of its Model Y car, making it the second best seller behind the Toyota Hi-Lux with 6142.

In third place was the Ford Ranger on 5334 ahead of the MG ZS on 3756 and the Toyota RAV 4 on 2858.

“The early adopters of the brand new powertrain expertise proceed to push up the gross sales of electrical automobiles throughout the nation,” Mr Weber stated.

“The regular introduction of latest battery electrical fashions throughout all mannequin segments at extra aggressive worth factors is critically essential as we cope with the challenges of supplying electrical automobiles that meet business and private client wants at costs the mainstream consumers can afford.”

Toyota was the market-leading firm in June with 20,948 automobiles forward of Mazda with 9706, Hyundai’s 8215, Ford on 7753 and Kia with 7551.

Source: www.perthnow.com.au