The automotive industry is on track for another record year for new vehicle sales.
Although October 2016 has seen a slight fall in sales (-1%) compared to the same month last year, the industry appears to be on track for another record year for new vehicle sales, with the market 2.4% ahead on year-to-date sales, compared to the same time last year.
With the exception of passenger vehicles, all market vehicle segments have continued their strong growth in volume.
The gap between passenger vehicle and SUV sales has narrowed even further, with the Chief Executive of the Federal Chamber of Automotive Industries, Tony Weber, stating that “it is likely that SUVs will become the larger segment sometime in the foreseeable future”.
|Segment||Units sold||Change||Market share|
|Passenger||404,020||-6.0% (-25,765 units)||41.2%|
|Sports Utility||368,545||9.4% (31, 583 units)||37.6%|
|Light Commercial||180,780||10.1% (16,635 units)||18.4%|
|Heavy Commercial||27,088||3.1% (827 units)||2.8%|
Locally manufactured vehicles continue to decline in sales volume with a 9.4% decrease for the year. Toyota continues to hold its position as the market leader in volume, followed by Hyundai and Mazda.
The Toyota HiLux was the top selling vehicle for October 2016, and has overtaken the Toyota Corolla as the top selling vehicle for the year-to-date.
The growth of SUVs and light commercial vehicles could see the HiLux take the top spot for sales for 2016, and if it does, it will be the first time a Ute has done so in the Australian market.
This growing segment has lured Mercedes-Benz to join the utility vehicle market, with their Ute to hit Australian dealerships in 2018.
Automotive sales update by State - October 2016 vs. October 2015*
|State||Units sold||% change YTD|
|Australian Capital Territory||1,411||-6.7%|
|New South Wales||31,850||2.1%|
Automotive sales by Top Performers - October 2016 vs. October 2015*
|Top selling vehicles||October 2016 (units)||Change|
|Top Manufacturers||Market share||Change|
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