2018 off to a strong start for car sales
Could this be the start of another record year?
Although under 35s may be less likely to purchase a new car, January 2018 still got off to a good start seeing last year's record new car sales continue. Figures released by the Federal Chamber of Automotive Industries revealed that during January there were a total of 88,551 new vehicle registrations.
Car sales are up
Compared with the previous January, sales were up by 4.3%, or a total of 3,641 cars. The SUV market has grown in size by 10.9%. The Light Commercial market saw the largest gain with 20.3% more vehicle sales than the same month, last year.
The FCAI attributed the increases down to a strong market and competition between automakers.
"2017 was a record year for the industry and we’re pleased to see that strength continuing in the January 2018 sales results. Notably, there was very strong growth in business sales of SUVs and Light Commercials,” said FCAI Chief Executive, Tony Weber.
As Weber pointed out, business purchasers were behind a significant proportion of the growth in January. They made 16.9% more purchases over January 2017. The government, too, ordered 2.5% more vehicles.
Toyota remains market leader
2017's leading car brand Toyota remains the market leader with 15,306 units sold, followed by Mazda and Hyundai. Holden and Ford both experienced lower sales volumes than last year.
The highest selling model, the Toyota Hilux secured 3,860 orders in January 2018, a 42.9% increase over January 2017. Ranking closely behind the Hilux is its rival the Ford Ranger with 3,260 sales, followed by the Mazda3 with 3,201 orders. The Toyota Corolla and Mazda CX-5 round out the top five sellers. The numbers fit perfectly with buyer intentions research carried out in July last year.
Sales gains were recorded in all states and territories, apart from New South Wales, which experienced a slight dip of 0.3% over the previous year. Queensland and the ACT had the largest gains with 9.8% and 8.6% respectively.