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New car sales have increased in February 2018

Posted: 6 March 2018 9:16 am
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Almost 100,000 new cars have been sold this month.

A monthly report published by the Federal Chamber of Automotive Industries (FCAI) has shown new car sales are continuing to rise.

During February 2018, new car sales numbered 95,999. Adding to January's impressive results, a massive 184,550 new cars rolled off the forecourt. By our calculations, that’s almost two per minute!

Compared with the opening two months of 2017, Australia’s new car market has already grown 6.1% this year. A pattern of strong car sales is emerging, following on from the record-breaking achievements of 2017.

SUVs as popular as ever

The report shows that Australia's love for SUVs is as strong as ever. SUVs accounted for the majority of sales, at a sizeable 41.5%.

Light commercials also had strong sales numbers, with 4x2 pickups and cab-chassis models rising 7.1% versus February of 2017. 4WD versions increased 17.9%. This makes sense, as these vehicles are often used for commercial purposes and business buyers purchased 18.7% more SUVs during the month.

Nationwide sale gains

Every state and territory recorded sales increases in February. Victoria sold the most vehicles, with a 14.2% increase. This was followed by Tasmania and Western Australia which both posted double-digit gains.

Market Winners

Toyota remains Australia's top-selling car manufacturer, thanks to the Toyota Hilux ute again outshining its rivals. Ford’s Ranger pick-up failed again to beat the Japanese best-seller, lagging quite a way behind in second place, with the Toyota Corolla taking third.

Mazda and Hyundai both experienced market share increases, as did Mitsubishi and Ford. Holden was the only automaker to lose market share in February. Both Nissan and Honda are now very close to overtaking the Aussie brand.

FCAI: Consumer confidence is high

“Consumers are supporting the value propositions that the brands are offering," said Tony Weber, chief executive of the FCAI.

"To have the market already running 6.1% ahead of last year’s record total indicates that consumer confidence is still strong, and all those elements which underpin our economy remain in position."

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Picture: Shutterstock

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