BYD Australia Pty Ltd, Isuzu Australia Limited and LTS Auto Holdings Pty Ltd (JAC Auto) are the three most recent newcomers to the Federal Chamber of Automotive Industries (FCAI). BYD Australia currently distributes a range of new energy vehicles, such as plug-in hybrids and battery electric cars. Isuzu Australia distributes a range of trucks in the local market, including the N-Series, F-Series, FX-Series and FY-Series.
Australia’s automotive industry continues its streak of record-breaking new vehicle sales, setting yet another new record tally for May. A total of 111,099 vehicles were sold in May 2024, surpassing last year's figure of 105,694, the previous best May result on record.
Reaction from industry stakeholders to the passage of the New Vehicle Efficiency Standard (NVES) Bill through the Federal Parliament into legislation has been mainly positive. This legislation provides the framework for Australia's automotive industry to transition to a low and zero-emission future.
Australia’s automotive industry continues its unprecedented growth trajectory, setting a record for April and achieving the highest-ever year-to-date new vehicle sales result.
A From January to March 2024, 19,903 motorcycles and Off-Highway Vehicles (OHVs) were sold, indicating a significant 11% decrease compared to the same period in 2023. Road motorcycles made up 41.3% of total sales, with 8217. This is a decrease of 10.2% on the 2023 figures.
Records for Australian new vehicle sales continue to be broken, with the March result of 109,647 surpassing the previous March record of 106,988, achieved in 2018.
The Federal Chamber of Automotive Industries (FCAI) says the Federal Government should learn from the United States Environmental Protection Agency (EPA) announcement, which amended its emissions reduction targets and timeline because the impact on consumers and manufacturers was too severe.
The Federal Chamber of Automotive Industries (FCAI) says 105,023 new vehicles were delivered by dealers during February 2024, representing a 20.9% increase from the previous period in 2023. FCAI chief executive Tony Weber says Australia’s demand for new vehicles has continued into 2024 with yet another record-breaking sales month.
The strong performance of the Australian new car market has continued into 2024 with record January sales of 89,782 new vehicles, 5.8% more than January 2023 and breaking the previous January record of 88,551 set in 2018. Toyota was the market leader with recorded sales of 17,903, followed by Mazda (8165), Ford (6624), Hyundai (6162) and Mitsubishi (5911). The Ford Ranger was Australia’s top-selling vehicle with sales of 4747 units, followed by the Toyota Hilux (4092), Toyota Landcruiser (2541), Isuzu Ute D-Max (2541) and Toyota RAV4 (2211). Federal Chamber of Automotive Industries (FCAI) chief executive Tony Weber, said 2023’s demand for new vehicles has continued into 2024 with many businesses and families taking ownership of a new vehicle in January, but there were concerns for the outlook of 2024 given the current economic conditions. The record January result was underpinned by continued customer preference for SUVs and Light Commercial vehicles.
The Australian automotive market has achieved an unprecedented milestone, breaking all-time records for new vehicle sales in 2023. A total of 1,216,780 vehicles were delivered during the year, the previous highest sales result of 1,189,116 was achieved in 2017.
