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In a testament to the robustness of Australia’s automotive market this year, over one million new vehicles have found homes with Australian customers in 2023, marking a historic achievement that underscores the resilient demand for new vehicles.
If you are in the market for a new car, there are also some incredible finance offers available. Contact us now, and in just a few moments we can show you all of the finance options available to you. (Or call us now on 03 5922 4133 for a fast, easy quote).
You can also find out your repayments with our car finance calculator right now.
Key Points for 2023 Australian car sales
Overall Sales Increase
– October 2023 witnessed a substantial increase in new vehicle sales, totalling 106,809 units.
– This marks a significant surge of 22.3% compared to October 2022, representing an additional 19,510 vehicle sales.
– With 25.2 selling days in both October 2023 and 2022, the daily sales rate increased by 774.2 vehicles.
Market Segment Performance
– Passenger Vehicle Market saw a notable rise of 4,295 vehicle sales, marking a robust increase of 32.2% compared to the same month last year.
– The Sports Utility Market experienced a substantial growth of 10,796 vehicle sales, reflecting a 22.3% increase.
– Light Commercial Market recorded an upswing of 4,234 vehicle sales, representing a 19.7% increase.
– The Heavy Commercial Vehicle Market showed a modest growth of 185 vehicle sales, equating to a 4.5% increase compared to October 2022.
Market Leaders
– Toyota emerged as the market leader in October 2023.
– Following Toyota, Mazda and Ford secured the second and third positions, respectively.
– Toyota maintained a significant lead over Mazda, with a margin of 10,982 vehicle sales and a market share advantage of 10.3 percentage points.
Car finance a key to buying success
Buying a car has been boosted by some great finance offers despite interest rate changes. We have access to some of the best lenders in Australia and can have a tailored, personalised finance offer that matches your needs quickly. Just get in contact with us now and it will only take a minute.
You can also find out your repayments with our car finance calculator right now.
2023 Australian Car Sales Record: The Details
The achievement becomes even more remarkable as, in the past six months, five months have seen all-time sales records broken compared to previous years. In October alone, a staggering 106,809 new vehicles were delivered to Australian customers, showcasing the sustained momentum in the automotive sector.
FCAI Chief Executive, Tony Weber, said that this achievement was a strong indicator of the automotive industry and sales in Australia.
“The Australian market has demonstrated incredible strength and vitality throughout 2023, culminating in Australia reaching one million sales in October for the first time, Mr Weber said.
“After some challenging years through COVID, this milestone speaks to the range of vehicles available to consumers, affirming Australia’s position as one of the world’s most dynamic and competitive markets. It also reflects vastly improved supply chains.
“In the past six months, five have broken all-time sales records compared with previous years and in October 106,809 new vehicles were delivered to Australian customers.”
Breaking down the October figures, 38.3% of sales were attributed to light commercial utes, large, or upper-large SUVs, highlighting the enduring popularity of these vehicle categories. In contrast, electric vehicle (EV) sales softened, representing 5.7% of the market.
Moreover, the positive sales trend extended across all States and Territories, with noticeable increases compared to October 2022. The Australian Capital Territory led the charge with a sales increase of 18.9%, followed by New South Wales (22.8%), Queensland (16.4%), South Australia (20%), Tasmania (20.8%), Victoria (32%), Western Australia (12.3%), and the Northern Territory (1.9%).
In terms of the automotive marques dominating the market, Toyota claimed the top spot with 20,298 sales, reaffirming its strong presence. Mazda followed closely with 9,316 sales, trailed by Ford (8,605), Hyundai (6,620), and Mitsubishi (6,395).
When it comes to individual vehicle models, the Ford Ranger secured its position as the top-selling vehicle, recording an impressive 6,215 sales. The Toyota HiLux followed suit with 5,766 sales, followed by the Isuzu Ute D-Max (3,198), Toyota RAV4 (2,598), and the Toyota Landcruiser (2,561).
As Australia continues to set new sales records in 2023, the automotive landscape shows continued strength across the board. With many new vehices now avaiabe and in stock, the time is perfect for organising your finance and knowing your buying power. Getting your personalised quote from us takes only a minute and you can be buying your own new car soon!