VFACTS 2024: New vehicle sales hit record high, but slump expected soon

Australia’s new car market has set a second annual gross sales report in as a few years, however the good instances aren’t anticipated to final.

In 2024, 1,237,287 new automobiles had been delivered in Australia, marking a 1.7 per cent improve on 2023, when a then-record 1,216,780 registrations had been recorded.

Nevertheless, there was a major downturn in deliveries the ultimate months of final 12 months, as carmakers shortened prolonged wait instances and inflation put strain on personal consumers.

“The second half of the 12 months confirmed a regarding development with gross sales within the Personal phase falling to very low ranges as rates of interest and normal value of dwelling pressures impacted Australian households,” stated Federal Chamber of Automotive Industries (FCAI) Chief Government, Tony Weber.

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Mr Weber highlighted the truth that persevering with demand for much less environment friendly SUVs and utes would result in larger costs following the implementation of the nation’s first federally mandated new-vehicle emissions laws.

“Whereas general client preferences stay clear with SUVs and lightweight industrial automobiles persevering with to dominate the market and particularly the highest ten gross sales, many automobiles in these segments are both troublesome or costly to decarbonise,” he stated.

“This may show to be a major problem in assembly the extraordinarily formidable targets of the New Automobile Effectivity Commonplace (NVES) which started on 1 January 2025.

“The trade is responding to NVES by rising the vary of zero and low emission automobiles on supply. Nevertheless, a continuation of present buyer shopping for preferences will inevitably result in the accrual of considerable penalties underneath the Authorities’s new scheme, which can create value inflation throughout the new car market.”

Whereas gross sales of petrol and diesel automobiles fell by 10.1 and a pair of.5 per cent respectively, Australian consumers are turning to fuel-efficient alternate options, with hybrid car (HEV), electrical car (EV)and plug-in hybrid car (PHEV) deliveries rising by 76, 4.7 and 100.2 per cent respectively.

Manufacturers

Toyota was Australia’s best-selling carmaker for the twenty third 12 months in a row, and posted a brand new trade report of 241,296 gross sales – besting its earlier excessive of 238,983 deliveries in 2008.

This was pushed largely by the RAV4, which skilled its greatest 12 months of gross sales but and surpassed the once-dominant HiLux.

Ford moved previous former companion Mazda to assert second within the gross sales race, despite the fact that the market-leading Ranger couldn’t match its 2023 tempo.

Kia retained its fourth-place standing with a year-on-year improve, whereas Mitsubishi displaced Hyundai for the ultimate top-five spot.

Each Subaru and Tesla slipped out of the highest 10 in 2024 after experiencing a drop in gross sales, whereas a variety of latest fashions from Nissan and extra reasonably priced alternate options from GWM propelled these manufacturers into the highest 10.

BYD continued to make positive aspects within the Australian market, vaulting to seventeenth place regardless of having simply 4 automobiles in its native lineup.

Additional down the listing, Citroen’s time in Australia fizzled out with a paltry 147 deliveries, putting it behind costly luxurious manufacturers similar to Aston Martin, Bentley and Ferrari.

Fashions

The Ford Ranger turned the primary Blue Oval mannequin because the EB and ED Falcon (1992/93) to assert back-to-back gross sales victories, despite the fact that its lead was threatened by the late-charging Toyota RAV4.

The Ranger eked out a bigger hole to the Toyota HiLux in 2024, although Australia’s long-time best-selling ute is anticipated to get replaced by new era throughout the subsequent 12 months, which may spur on a renewed cost.

Isuzu’s D-Max continued to be the best-of-the-rest, ending the 12 months because the fourth-best vendor, forward of the Mitsubishi Outlander and Ford Everest.

After no passenger automobiles made the highest 10 in 2023, the Toyota Corolla rebounded to seventh in 2024, edging out the Mazda CX-5, MG ZS and Kia Sportage for the ultimate 10 locations.

Regardless of being Australia’s best-selling car amongst personal consumers in 2023 and ending the 12 months sixth general, the Tesla Mannequin Y slipped out of the highest 10 in 2024.

* LandCruiser Wagon consists of 300 Collection and the 70 Collection Wagon/Troop Service.

Segments

Micro vehicles: Kia Picanto (5822), Fiat 500 (527)
Gentle vehicles underneath $30,000: MG 3 (12,563), Suzuki Swift (6126), Mazda 2 (5365)
Gentle vehicles over $30,000: Volkswagen Polo (2154), Mini Cooper (1559), Mini Aceman (445)
Small vehicles underneath $40,000: Toyota Corolla (24,027), Kia Cerato (15,502), Hyundai i30 (12,682)
Small vehicles over $40,000: MG 4 (6934), Volkswagen Golf (2929), Audi A3 (2375)
Medium vehicles underneath $60,000: Toyota Camry (15,401), BYD Seal (6393), Mazda 6 (1354)
Medium vehicles over $60,000: Tesla Mannequin 3 (17,094), BMW 3 Collection (2472), BMW i4 (2062)
Giant vehicles underneath $70,000: Skoda Excellent (153), Citroen C5 X (39)
Giant vehicles over $70,000: BMW 5 Collection (614), Mercedes-Benz E-Class (381), Audi A6 (280)
Higher massive vehicles: Porsche Panamera (66), BMW 7 Collection (49), Mercedes-Benz S-Class (43)
Folks movers underneath $70,000: Kia Carnival (10,080), Hyundai Staria (1363), LDV MIFA (474)
Folks movers over $70,000: Volkswagen Multivan (543), Lexus LM (298), Mercedes-Benz V-Class (274)
Sports activities vehicles underneath $80,000: Ford Mustang (1465), Subaru BRZ (980), Mazda MX-5 (662)
Sports activities vehicles over $80,000: BMW 2 Collection Coupe (1565), BMW 4 Collection two-door vary (802), Porsche Boxster (445)
Sports activities vehicles over $200,000: Porsche 911 (783), Ferrari two-door vary (185), Lamborghini two-door vary (165)

Gentle SUVs: Mazda CX-3 (18,461), Suzuki Jimny (9697), Toyota Yaris Cross (8206)
Small SUVs underneath $45,000: MG ZS (22,629), Hyundai Kona (17,374), GWM Haval Jolion (14,238)
Small SUVs over $45,000: Audi Q3 (5497), BMW X1 (4536), Volvo XC40 (3142)
Medium SUVs underneath $60,000: Toyota RAV4 (58,718), Mitsubishi Outlander (27,613), Mazda CX-5 (22,835)
Medium SUVs over $60,000: Tesla Mannequin Y (22,835), Lexus NX (6123), Mazda CX-60 (4058)
Giant SUVs underneath $80,000: Ford Everest (26,494), Isuzu MU-X (17,978), Subaru Outback (10,227)
Giant SUVs over $80,000: Land Rover Defender (3209), BMW X5 (3,157), Vary Rover Sport (2206)
Higher massive SUVs underneath $120,000: Toyota LandCruiser (15,257), Nissan Patrol (8293), Kia EV9 (568)
Higher massive SUVs over $120,000: BMW X7 (1135), Lexus GX (868), Vary Rover (685)

Small vans: Volkswagen Caddy (746), Peugeot Companion (493), Renault Kangoo (191)
Medium vans: Toyota HiAce (12,082), Hyundai Staria Load (3503), Ford Transit Customized (3427)
4×2 utes: Toyota HiLux (7660), Isuzu D-Max (6163), Ford Ranger (4633)
4×4 utes: Ford Ranger (57,960), Toyota HiLux (45,839), Isuzu D-Max (24,031)
Giant pickups: Ram 1500 (3239), Ford F-150 (2428), Chevrolet Silverado (2389)