Car sales rev up to break Australian record

However the November gross sales hike, revealed in information from the Federal Chamber of Automotive Industries on Tuesday, could not proceed into the brand new yr as customers face higher cost-of-living pressures.

The gross sales figures comply with a succession of record-breaking new automobile purchases this yr during which Australians have purchased greater than 1.1 million new automobiles.

The consequence additionally confirmed a leap in electrical automobile gross sales, with battery-powered automobiles representing 7.7 per cent of gross sales throughout November, up from 5.7 per cent in October.

Chamber chief govt Tony Weber says robust demand for brand new automobiles throughout the board exhibits the energy of the automotive business and proved it had overcome provide shortages skilled through the COVID pandemic.

“That is a unprecedented end in what’s now prone to be a unprecedented, record-breaking yr,” he stated.

“Because the challenges of the previous yr’s provide chain disruptions recede, customers have higher entry to a broad vary of selections and elevated accessibility out there.”

November automobile gross sales soared by virtually 18 per cent in comparison with 2022, registering one other 663 new automobile gross sales every day on common.

SUVs have been the most well-liked purchases within the month, making up greater than half of all gross sales and rising by 19 per cent on final yr, adopted by mild business automobiles or utes, which rose by 24 per cent, and passenger automobiles, up 10 per cent.

Tesla’s Mannequin Y turned the fourth best-selling automobile for the month, returning to the highest 10 after a short drop in reputation and provide.

Its return capped a constructive month for electrical automobile gross sales, with greater than 8600 offered throughout November and greater than 80,000 offered all through 2023 – 52,120 extra EVs offered throughout the identical interval final yr.

Hybrid automobile gross sales additionally skilled a gross sales leap in 2023, with greater than 9600 claimed in November and greater than 88,000 through the yr.

However Weber warned that Australia’s document gross sales development could not proceed into 2024 as customers trimmed family budgets following 13 rate of interest rises since Could 2022 and excessive inflation.

“As cost-of-living pressures hit, we might even see a market cooling within the coming months and we anticipate a tougher 2024,” he stated.

– AAP

Supported by the Authorities of South Australia