New car sales in August a mixed bag

Posted: 7 September 2018 2:11 pm News

car sales

SUV sales continue to motor ahead, while overall figures drop marginally.

Car dealers sold fewer new cars in August according to the Federal Chamber of Automotive Industries commissioned monthly VFACTS report.

SUVs save the month!

August 2018 would have been a car-sales disaster if it wasn’t for the intense popularity of SUV models. The month finished on a high, thanks to those SUV sales offsetting a 13.3% slump in passenger cars. In the end, it was the second-best August on record for new car orders. Three of the four SUV size classes claimed increases on the same month last year.

SUVs were most in demand with government departments, who increased their purchasing by a quarter. Rental fleets also invested in 22.1% more sport-utes.

August 2018 vs July 2018

August 2018 is up across the board compared with July. However, when held against the same month in 2017, sales were down by 1.5%. That’s about 1,441 new car orders. As August 2018 had the same number of days as 2017’s eighth-month, they can be directly scrutinised. This year, dealers sold 54 fewer vehicles per day!

Hybrid vehicles attract more buyers

Hybrid and electric orders are steadily climbing. During the month, dealers sold 79.6% more hybrids to private owners and 35.3% more to government agencies and businesses.

However, this sector remains a fledgeling and growing one, the percentages hide the relatively modest total of 1,283 hybrid orders.

Toyota HiLux still number one bestseller

When Toyota created the HiLux, did they know they had created a month-after-month car sales chart topper?

Why is the Toyota HiLux so popular?

Once again, the HiLux ranked first, by some margin. The Ford Ranger managed to cling onto the second spot, while the Toyota Corolla placed third, nudging the Mazda3 into fourth overall. The popular CX-5 rounded out the nation’s top five selling models.

Record year still within reach

The Federal Chamber of Automotive Industries Chief Executive, Tony Weber, said there were positives to be taken from August’s numbers.

“Given last month’s Federal political distractions, movements in residential property prices and economic difficulties such as the drought in places like western NSW and Queensland, the August result shows there is clearly retained confidence in the business sector.”

Weber also explained that 2017 is a big year for car sales to live up to and that 2018 still has a shot of breaking that record.

“It’s important to remember that the 2017 total was the third record year in a row for the industry and year to date, we are sitting just 0.3 per cent below that record pace again. By any measure, that indicates there’s resilience and continued demand in the market. It also means we are still within striking distance of another record year.”

Top Australian automotive brands August 2018

Toyota not only boasts the country’s most popular car model but remains the biggest car brand operating in Australia. Compared with August 2017, the Japanese car builder increased their market share by 0.4%. Mazda, Hyundai and Ford posted slight sales dips, while Mitsubishi climbed into fourth place.

Compare car finance deals for a new vehicle

Updated July 18th, 2019
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
From 6.99% (fixed)
8.1%
$5,000
1 to 7 years
$295
$10
You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.
5.64% (fixed)
5.99%
$2,000
1 to 7 years
$250
$0
You'll receive a fixed rate of 5.64% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.
From 4.79% (fixed)
5.34%
$10,000
1 to 7 years
$400
$0
You'll receive a fixed rate of 4.79% p.a. with a comparison rate of 5.34% p.a.
Get access to over 20 providers to fund a new or used car.

5.69% (fixed)
5.97%
$25,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
From 4.99% (fixed)
5.54%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
From 5.99% (fixed)
6.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees. Note: Product only available to residents of Victoria.
From 5.34% (fixed)
6.6%
$7,500
1 to 7 years
$459.20 (for private seller vehicles this fee is $608)
$8.90
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $150,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
8.49% (fixed)
9.67%
$10,000
1 to 7 years
$250
$12
You'll receive a fixed rate of 8.49% p.a.
Finance a new or used car and benefit from convenient features for car buyers including a car search tool and the option to borrow extra for on-road costs.
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$195
$12
You'll receive a fixed rate from 8.49% p.a. based on the value of your car
Get a competitive rate and apply for a larger loan up to $80,000 when you attach a new or used car as security to the loan.
From 5.71% (fixed)
6.57%
$1,000
1 to 7 years
$100 (from $100 to $500)
$10
You'll receive a fixed rate between 5.71% p.a. and 8.66% p.a. based on your personal credit history
A flexible loan to help you finance a car, motorbike or boat up to five years old.
5.49% (variable)
6.41%
$10,000
1 to 7 years
$250
$10
You'll receive a variable rate of 5.49% p.a with a comparison rate of 6.41% p.a.
Borrow from $10,000 to $100,000 for a new or used car with flexible payment options.

From 7.99% (variable)
8.96%
$10,000
1 to 10 years
$200
$10
You'll receive a variable rate from 7.99% p.a.
Apply for up to $75,000 and benefit from features such as fast approval, free online redraws and no penalties for early repayment.
6.45% (variable)
6.59%
$10,000
1 to 7 years
$100
$0
You'll receive a variable rate of 6.45% p.a.
Finance 100% of the purchase price of a new or used car up to 3 years old with a loan starting from $10,000
6.69% (fixed)
7.04%
$2,000
1 to 5 years
$250
$0
You'll receive a fixed rate of 6.69% p.a.
Benefit from this competitive rate by securing the loan with a vehicle up to 6 years old. Use this flexible loan for any purpose.

Compare up to 4 providers

Picture: Shutterstock

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site