Aussie sales down
Australia's Federal Chamber of Automotive Industries (FCAI) has reported sales of 99,442 new vehicles during the month of March 2019. This represents a decrease of 7.1 per cent on the same period in 2018.
Tony Weber, chief executive of the FCAI, says that current economic conditions had contributed to the market’s position.
“We are seeing a cautious consumer approach at the moment, and this is not surprising given the number of economic headwinds in the Australian market,” says Weber.
The three top-selling vehicles for the month confirmed the market’s appetite for light commercial vehicles, with the Toyota Hilux reporting 4,527 sales, followed by the Ford Ranger with 3,721 sales, and the Mitsubishi Triton which registered 2,666 sales.
Of the top 10 vehicles sold in March, only three were passenger vehicles, further illustrating the growth of SUVs and LCVs in the Australian market. In total, SUVs and LCVs represented 67.5 per cent of new vehicle sales in the Australian market during March. This is 4.5 percentage points higher than March 2018.
Year to date, the industry reported 268,538 sales across all segments, down 7.9 per cent, with the passenger vehicle segment down 17.8 per cent, or 84,200 vehicles, SUVs down 3.5 per cent, or 118,892 vehicles and the light commercial segment down 0.4 per cent or 57,128 vehicles.
From a state-based perspective, South Australia and Tasmania showed solid growth with increased new vehicle sales of 9.4 and 6.2 per cent respectively for the month. All other states and territories showed a decline in vehicle sales during March.