April 16, 2019 |
VFACTS Figures Confirm New Vehicle Sales for March 2019
The Federal Chamber of Automotive Industries (FCAI) has reported that new vehicle sales reached a total of 99,442 vehicles during March, which represents a decrease of 7,546 vehicle sales, or 7.1 per cent, on the same period in 2018.
Tony Weber, chief executive of the FCAI, said that current economic conditions had contributed to the market’s position.
“We are seeing a cautious consumer approach at the moment, and this is not surprising given the number of economic headwinds in the Australian market,” Weber said.
The three top selling vehicles for the month confirmed the market’s appetite for light commercial vehicles, with the Toyota HiLux reporting 4,527 sales, followed by the Ford Ranger with 3,721 sales, and the Mitsubishi Triton which registered 2,666 sales.
Of the top 10 vehicles sold in March, only three were passenger vehicles, further illustrating the growth of SUVs and LCVs in the Australian market. In total, SUVs and LCVs represented 67.5 per cent of new vehicle sales in the Australian market during March. This is 4.5 percentage points higher than March 2018.
From a state-based perspective, South Australia and Tasmania showed solid growth with increased new vehicle sales of 9.4 and 6.2 per cent respectively for the month. All other states and territories showed a decline in vehicle sales during March.
On a year to date basis, the industry has reported 268,538 sales across all segments, which is down 7.9 per cent when compared to the same period in 2018.
Source: https://www.fcai.com.au/news/index/index/article/564
