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Mid-year slowdown in new vehicle sales

Mid-year slowdown in new vehicle sales

Australians bought fewer new vehicles in June 2018 than they did at the same time the previous year, according to the Federal Chamber of Automotive Industries (FCAI).

Based on data from VFACTS, the new vehicles market is down 2.9% in June 2018 compared to June 2017. That said, the first half of 2018 saw the total vehicle market running 1% higher than the first six months of 2017.

The most popular vehicles in terms of sales in June 2018 were found to be light commercial vehicles, with the Toyota Hilux in the top spot, followed by the Ford Ranger and Mitsubishi Triton.

Light commercial vehicle sales were found to be up slightly in June 2018, improving 0.3% from June 2017, and holding a 21.8% share of the June market. Year to date, light commercial vehicles took up 20.3% of the total market, up from 19.8% for the first six months of 2017.

Vehicle categoryJune 2018 sales (compared to June 2017)June 2018 market share
Passenger vehicles-17.9%31.9%
Light commercial vehicles+0.3%21.8%
Sports utility vehicles+9.3%41.3%

Looking at vehicle sales numbers around Australia, only Tasmania saw an increase in June 2018 when compared to June 2017:

State/TerritoryVehicle sales in June 2018 (compared to June 2017)
Tasmania+3%
New South Wales-4.5%
Victoria-1.5%
Queensland-1.7%
Northern Territory-3.5%
Western Australia-0.8%
South Australia-6.7%
Australian Capital Territory-10%

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This article was reviewed by Property & Personal Finance Writer Nick Bendel before it was published as part of RateCity's Fact Check process.

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