VFacts July 2019: Slump Continues
05 August 2019
Market slump continues for a 16th straight month, though SUVs buck the trend. Ditto Kia, Subaru, Skoda, and brands out of China
Sales of new vehicles in Australia fell for the 16th successive month in July, relative to the same month in the preceding year.
Self-reported VFACTS figures provided by the industry’s peak body, the Federal Chamber of Automotive Industries (FCAI), showed 83,184 sales, down 2.8 per cent.
This takes the running annual tally to 637,750 units, 7.7 per cent below where the market sat at this point in 2018. The cumulative total is the lowest it has been in seven years, given the YTD tally at the end of July 2012 read 634,495 units.
One thing did go upwards though: SUV sales. These high-riding wagons managed 45.6 per cent market share (equal to 37,894 sales), nearly as much as utes and vans (20.1 per cent share), and conventional passenger cars (30.5 per cent share), combined.
As the FCAI summed up, the present market situation is bad news for car brands and their franchisee dealers, but good news for prospective car buyers.
“The consumer… is spoiled for choice with attractive new car offers as automotive brands provide excellent deals to stimulate sales growth,” said CEO Tony Weber.
Toyota wasn’t just the market leader overall, but three of the top 5 selling vehicles were from its stable: the HiLux (3359) and Corolla (3244) were one-two, and the RAV4 (2419) took fourth spot.
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Originally Posted by Car Advice