VFACTS June 2024: Soft finish for record half-year

Posted on July 3, 2024Comments Off on VFACTS June 2024: Soft finish for record half-year

The first half of 2024 set a record for new car sales in Australia, despite a drop in June.

A total of 632,412 new vehicles were sold in Australia in the first half of 2024, up 8.7 per cent year to date and surpassing the previous record of 605,522 sales set in the opening six months of 2018.

However, sales in June were down 4.2 per cent when compared with June 2023, though it was still the second-highest result in the month since 2019.

A total of 119,659 vehicles were sold throughout June 2024, with sales down in every state and territory bar the Australian Capital Territory. An increase in government sales weren’t enough to offset declines across private, corporate and rental fleet buyers.

Though electric vehicle (EV) sales increased over the month prior, they were down 13.2 per cent on June 2023.

All up, EVs accounted for 8.0 per cent of new car sales in June, down from 8.8 per cent in June 2023.

Nevertheless, the Federal Chamber of Automotive Industries (FCAI) says it hopes for EVs to crack 100,000 sales in 2024.

EV sales year-to-date are up 16.5 per cent.

Hybrids and plug-in hybrids have recorded a significant increase in market share. Combined, they accounted for 14.4 per cent of the market compared to 7.8 per cent in June 2023.

Year-to-date, hybrid and plug-in hybrid sales are up a whopping 114.6 per cent, driven largely by market leader Toyota.

“The end of the financial year has traditionally been a strong month for vehicle sales and achieving 632,412 sales in just six months is a testament to the resilience of the market,” said FCAI chief executive Tony Weber.

Brands

Toyota retains its mighty grip on the new car market, and though its sales were down 0.2 per cent on June 2023, its sales are up 31.5 per cent year-to-date.

Ford has edged past Mazda for second place, with sales up 22.4 per cent in June and 30.0 per cent year-to-date.

Mazda sales have dipped slightly, both for the month of June and for the first half of this year, but it has retained its podium position.

Kia is sitting in fourth, comfortably ahead of sister brand Hyundai which sits in sixth.

Mitsubishi is sandwiched in between the South Korean siblings, and has posted significant gains. Its sales were up 48.9 per cent year-on-year for the month of June, and are up 28.5 per cent year-to-date.

Sitting in seventh for the month is Tesla. While that’s an impressive finish for a brand offering just two vehicles, its sales were down 33.3 per cent on June 2023, and they’re down 9.6 per cent year-to-date.

The top 10 was rounded out by Subaru, Isuzu Ute and Nissan.

Nissan is bouncing back in the sales race, with 4293 vehicles sold in June representing an improvement of 55.6 per cent on June 2023’s tally. Its sales are also up an impressive 44.2 per cent.

Honda is also bouncing back. Its sales were up 34.2 per cent on June 2023, and are up 28.8 per cent year-to-date, bolstered by a larger lineup than last year.

BMW had a huge month, with 3146 sales, up 87.5 per cent. It’s up 9.1 per cent year-to-date.

In terms of brands that aren’t doing so well, MG sales were down 29.8 per cent on June 2023 and are down 7.9 per cent year-to-date, while Volkswagen’s were down 26.7 per cent year-on-year and 10.0 per cent year-to-date.

Some brands saw steeper declines. LDV’s were down 40 per cent for the month and 21.8 per cent for the first half, while Renault was down 33.1 per cent and 32.9 per cent respectively.

Cupra looks to have run out of steam somewhat, down 57.9 per cent on June 2023 and 27.5 per cent year-to-date, while fellow Volkswagen Group brand Skoda is having a rough 2024 with sales down 44.9 per cent for June and 25.7 per cent year-to-date.

Stellantis brands had an even rougher trot. Ram was down 65.3 per cent year-on-year and 50.8 per cent year-to-date, while Maserati was down 62.9 per cent and 37.3 per cent respectively.

Jeep had the most significant declines, though. Its sales were down 73.4 per cent for the month, and 52 per cent for the first half of the year. Its abysmal June showing saw it outsold by Peugeot (255 sales vs. 174 sales).

Brand June 2024 sales Change YoY Jan-Jun sales Change YTD
Toyota 20,903 -0.2% 121,301 +31.5%
Ford 9493 +22.4% 49,622 +30.0%
Mazda 9483 -2.3% 48,547 -3.7%
Kia 8225 +8.9% 41,300 +5.5%
Mitsubishi 7723 +48.9% 39,634 +28.5%
Hyundai 6552 -20.2% 36,082 -4.3%
Tesla 4683 -33.3% 23,116 -9.6%
Subaru 4460 -9.3% 21,743 -3.4%
Isuzu Ute 4445 +23.1% 25,903 +27.2%
Nissan 4293 +55.6% 24,916 +44.2%
MG 4224 -29.8% 24,593 -7.9%
GWM 4173 +7.1% 21,524 +22.7%
Volkswagen 3758 -26.7% 18,870 -10.0%
BMW 3146 +87.5% 13,641 +9.1%
Mercedes-Benz 2412 -20.0% 11,958 -20.8%
Suzuki 1770 +6.9% 10,486 +19.0%
BYD 1743 +13.8% 9548 +54.1%
Audi 1668 -9.4% 8183 -12.4%
LDV 1657 -40.0% 8796 -21.8%
Honda 1498 +34.2% 8705 +28.8%
Lexus 1209 -18.9% 6286 -9.0%
Volvo 1082 -17.0% 4741 -24.6%
Chery 1079 +78.9% 4295 +166.4%
Land Rover 995 +34.1% 4018 +8.2%
SsangYong 746 -0.7% 3199 -3.6%
Porsche 683 -5.9% 3400 +5.2%
Renault 650 -33.1% 2969 -32.9%
Skoda 446 -44.9% 2946 -25.7%
Ram 407 -65.3% 2044 -50.8%
Chevrolet 383 -15.3% 2018 +17.8%
Mini 304 -48.2% 1576 -26.2%
Peugeot 255 -24.1% 1190 +0.3%
Jeep 174 -73.4% 1282 -52.0%
Cupra 151 -57.9% 1150 -27.5%
Fiat 149 -7.5% 823 -18.4%
Genesis 135 -43.3% 710 -18.5%
Jaguar 91 +93.6% 403 +69.3%
Alfa Romeo 64 -25.6% 371 +39.0%
Maserati 39 -62.9% 200 -37.3%
Ferrari 28 +100.0% 113 +7.6%
Aston Martin 24 -11.1% 86 -1.1%
Bentley 24 +60.0% 102 -7.3%
Citroen 21 +10.5% 74 -36.2%
Lotus 18 +28.6% 102 +96.2%
McLaren 14 +40.8% 41 -10.9%
Rolls-Royce 6 +20.0% 26 +23.8%

Polestar stopped reporting its sales figures to the FCAI earlier this year, however it has confirmed to CarExpert that it sold 356 vehicles in June and has sold 950 year-to-date.

Models

Model June 2024 sales Year-to-date sales
Ford Ranger 6289 33,531
Toyota HiLux 5630 28,515
Toyota RAV4 3907 25,405
Mitsubishi Outlander 3045 14,443
Tesla Model Y 2906 12,516
Isuzu D-Max 2881 15,790
Mazda CX-5 2687 11,920
Ford Everest 2267 11,276
Toyota Corolla 2232 13,179
Toyota Camry 2013 10,788
MG ZS 1970 11,809
Kia Cerato 1896 8219
Kia Sportage 1856 10,474
Hyundai Kona 1804 8948
Hyundai Tucson 1795 9462
Mitsubishi Triton 1783 9349
Tesla Model 3 1777 10,600
Mazda CX-3 1598 8537
Isuzu MU-X 1564 10,083
Nissan X-Trail 1483 9449

Segments

The following are the segment leaders for the month of June 2024.

  • Micro cars: Kia Picanto (686), Fiat 500 (62)
  • Light cars under $30,000: MG 3 (1287), Suzuki Swift (625), Mazda 2 (392)
  • Light cars over $30,000: Volkswagen Polo (154), Mini Hatch (89), Audi A1 (24)
  • Small cars under $40,000: Toyota Corolla (2232), Kia Cerato (1896), Mazda 3 (992)
  • Small cars over $40,000: MG 4 (395), Audi A3 (337), Subaru WRX (261)
  • Medium cars under $60,000: Toyota Camry (2013), BYD Seal (706), Mazda 6 (95)
  • Medium cars over $60,000: Tesla Model 3 (1777), BMW i4 (316), BMW 3 Series (286)
  • Large cars under $70,000: Citroen C5 X (8), Skoda Superb (6)
  • Large cars over $70,000: BMW 5 Series (75), Mercedes-Benz E-Class (48), Audi A6 (21)
  • Upper large cars over $100,000: BMW i7 (7), Porsche Panamera (7), BMW 7 Series (6)
  • People movers under $70,000: Kia Carnival (1293), Hyundai Staria (104), LDV MIFA (104)
  • People movers over $70,000: Volkswagen Multivan (80), Mercedes-Benz V-Class (15), Volkswagen California (15)
  • Sports cars under $80,000: Subaru BRZ (108), Mazda MX-5 (32), Mini Cabrio (27)
  • Sports cars over $80,000: BMW 2 Series two-door (198), BMW 4 Series two-door (75), Porsche Cayman (74)
  • Sports cars over $200,000: Porsche 911 (81), Ferrari two-door range (20), Lamborghini two-door range (19)
  • Light SUVs: Mazda CX-3 (1593), Suzuki Jimny (795), Hyundai Venue (592)
  • Small SUVs under $45,000: MG ZS (1970), Hyundai Kona (1804), Mazda CX-30 (1306)
  • Small SUVs over $45,000: Audi Q3 (666), BMW X1 (639), Volvo EX30 (420)
  • Medium SUVs under $60,000: Toyota RAV4 (3907), Mitsubishi Outlander (3045), Mazda CX-5 (2687)
  • Medium SUVs over $60,000: Tesla Model Y (2906), Lexus NX (676), Mazda CX-60 (542)
  • Large SUVs under $80,000: Ford Everest (2267), Isuzu MU-X (1564), Subaru Outback (1286)
  • Large SUVs over $80,000: Range Rover Sport (349), Defender (310), BMW X5 (294)
  • Upper large SUVs under $120,000: Toyota LandCruiser (1288), Nissan Patrol (669), Kia EV9 (47)
  • Upper large SUVs over $120,000: BMW X7 (139), Range Rover (106), Mercedes-Benz GLS (35)
  • Light vans: Volkswagen Caddy (101), Peugeot Partner (35), Renault Kangoo (5)
  • Medium vans: Toyota HiAce (1177), Ford Transit Custom (425), Hyundai Staria Load (401)
  • 4×2 utes: Isuzu D-Max (659), Toyota HiLux (654), Ford Ranger (447)
  • 4×4 utes: Ford Ranger (5842), Toyota HiLux (4976), Isuzu D-Max (2222)
  • Large pickups: Ram 1500 (341), Chevrolet Silverado (237), Chevrolet Silverado HD (131)

Sales by category

Category June 2024 sales, market share
SUV 65,248 sales, 54.5% share
Light commercial 27,880 sales, 23.3% share
Passenger car 21,065 sales, 17.6% share
Heavy commercial 5466 sales, 4.6% share

Top segments by market share

Segment June 2024 sales Change from June 2023
Medium SUVs 27,836 -3.0%
4×4 utes 21,170 +1.6%
Small SUVs 18,204 +2.9%
Large SUVs 13,097 -14.8%
Small cars 8643 +12.6%

Sales by region

State/territory June 2024 sales Change from June 2023
New South Wales 36,246 -2.1%
Victoria 32,356 -4.7%
Queensland 26,265 -6.3%
Western Australia 12,079 -7.6%
South Australia 7932 -0.5%
Tasmania 1897 -1.4%
Australian Capital Territory 1856 0.0%
Northern Territory 1028 -5.3%

Sales by buyer type

Buyer type June 2024 sales Change from June 2023
Private 60,720 -1.9%
Business 44,417 -4.4%
Rental 5139 -26.5%
Government 3917 +33.7%

Sales by fuel or propulsion type

Fuel type June 2024 Sales year-to-date
Petrol 50,403 272,756
Diesel 36,918 193,859
Hybrid 15,336 81,613
Electric 9583 50,219
Plug-in hybrid 1949 8223

Sales by country of origin

Country June 2024 sales Change from June 2023
Japan 34,602 +14.9%
Thailand 26,470 +5.6%
China 18,642 -19.8%
Korea 15,625 -9.3%
Germany 6413 +3.0%

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