VFACTS June 2024: Soft finish for record half-year

The first half of 2024 set a record for new car sales in Australia, despite a drop in June.

A total of 632,412 new vehicles were sold in Australia in the first half of 2024, up 8.7 per cent year to date and surpassing the previous record of 605,522 sales set in the opening six months of 2018.

However, sales in June were down 4.2 per cent when compared with June 2023, though it was still the second-highest result in the month since 2019.

A total of 119,659 vehicles were sold throughout June 2024, with sales down in every state and territory bar the Australian Capital Territory. An increase in government sales weren’t enough to offset declines across private, corporate and rental fleet buyers.

VFACTS June 2024: Soft finish for record half-year

Though electric vehicle (EV) sales increased over the month prior, they were down 13.2 per cent on June 2023.

All up, EVs accounted for 8.0 per cent of new car sales in June, down from 8.8 per cent in June 2023.

Nevertheless, the Federal Chamber of Automotive Industries (FCAI) says it hopes for EVs to crack 100,000 sales in 2024.

EV sales year-to-date are up 16.5 per cent.

Hybrids and plug-in hybrids have recorded a significant increase in market share. Combined, they accounted for 14.4 per cent of the market compared to 7.8 per cent in June 2023.

Year-to-date, hybrid and plug-in hybrid sales are up a whopping 114.6 per cent, driven largely by market leader Toyota.

“The end of the financial year has traditionally been a strong month for vehicle sales and achieving 632,412 sales in just six months is a testament to the resilience of the market,” said FCAI chief executive Tony Weber.

Brands

Toyota retains its mighty grip on the new car market, and though its sales were down 0.2 per cent on June 2023, its sales are up 31.5 per cent year-to-date.

Ford has edged past Mazda for second place, with sales up 22.4 per cent in June and 30.0 per cent year-to-date.

Mazda sales have dipped slightly, both for the month of June and for the first half of this year, but it has retained its podium position.

Kia is sitting in fourth, comfortably ahead of sister brand Hyundai which sits in sixth.

Mitsubishi is sandwiched in between the South Korean siblings, and has posted significant gains. Its sales were up 48.9 per cent year-on-year for the month of June, and are up 28.5 per cent year-to-date.

Sitting in seventh for the month is Tesla. While that’s an impressive finish for a brand offering just two vehicles, its sales were down 33.3 per cent on June 2023, and they’re down 9.6 per cent year-to-date.

The top 10 was rounded out by Subaru, Isuzu Ute and Nissan.

Nissan is bouncing back in the sales race, with 4293 vehicles sold in June representing an improvement of 55.6 per cent on June 2023’s tally. Its sales are also up an impressive 44.2 per cent.

Honda is also bouncing back. Its sales were up 34.2 per cent on June 2023, and are up 28.8 per cent year-to-date, bolstered by a larger lineup than last year.

BMW had a huge month, with 3146 sales, up 87.5 per cent. It’s up 9.1 per cent year-to-date.

In terms of brands that aren’t doing so well, MG sales were down 29.8 per cent on June 2023 and are down 7.9 per cent year-to-date, while Volkswagen’s were down 26.7 per cent year-on-year and 10.0 per cent year-to-date.

Some brands saw steeper declines. LDV’s were down 40 per cent for the month and 21.8 per cent for the first half, while Renault was down 33.1 per cent and 32.9 per cent respectively.

Cupra looks to have run out of steam somewhat, down 57.9 per cent on June 2023 and 27.5 per cent year-to-date, while fellow Volkswagen Group brand Skoda is having a rough 2024 with sales down 44.9 per cent for June and 25.7 per cent year-to-date.

Stellantis brands had an even rougher trot. Ram was down 65.3 per cent year-on-year and 50.8 per cent year-to-date, while Maserati was down 62.9 per cent and 37.3 per cent respectively.

Jeep had the most significant declines, though. Its sales were down 73.4 per cent for the month, and 52 per cent for the first half of the year. Its abysmal June showing saw it outsold by Peugeot (255 sales vs. 174 sales).

Brand	June 2024 sales	Change YoY	Jan-Jun sales	Change YTD
Toyota	20,903	-0.2%	121,301	+31.5%
Ford	9493	+22.4%	49,622	+30.0%
Mazda	9483	-2.3%	48,547	-3.7%
Kia	8225	+8.9%	41,300	+5.5%
Mitsubishi	7723	+48.9%	39,634	+28.5%
Hyundai	6552	-20.2%	36,082	-4.3%
Tesla	4683	-33.3%	23,116	-9.6%
Subaru	4460	-9.3%	21,743	-3.4%
Isuzu Ute	4445	+23.1%	25,903	+27.2%
Nissan	4293	+55.6%	24,916	+44.2%
MG	4224	-29.8%	24,593	-7.9%
GWM	4173	+7.1%	21,524	+22.7%
Volkswagen	3758	-26.7%	18,870	-10.0%
BMW	3146	+87.5%	13,641	+9.1%
Mercedes-Benz	2412	-20.0%	11,958	-20.8%
Suzuki	1770	+6.9%	10,486	+19.0%
BYD	1743	+13.8%	9548	+54.1%
Audi	1668	-9.4%	8183	-12.4%
LDV	1657	-40.0%	8796	-21.8%
Honda	1498	+34.2%	8705	+28.8%
Lexus	1209	-18.9%	6286	-9.0%
Volvo	1082	-17.0%	4741	-24.6%
Chery	1079	+78.9%	4295	+166.4%
Land Rover	995	+34.1%	4018	+8.2%
SsangYong	746	-0.7%	3199	-3.6%
Porsche	683	-5.9%	3400	+5.2%
Renault	650	-33.1%	2969	-32.9%
Skoda	446	-44.9%	2946	-25.7%
Ram	407	-65.3%	2044	-50.8%
Chevrolet	383	-15.3%	2018	+17.8%
Mini	304	-48.2%	1576	-26.2%
Peugeot	255	-24.1%	1190	+0.3%
Jeep	174	-73.4%	1282	-52.0%
Cupra	151	-57.9%	1150	-27.5%
Fiat	149	-7.5%	823	-18.4%
Genesis	135	-43.3%	710	-18.5%
Jaguar	91	+93.6%	403	+69.3%
Alfa Romeo	64	-25.6%	371	+39.0%
Maserati	39	-62.9%	200	-37.3%
Ferrari	28	+100.0%	113	+7.6%
Aston Martin	24	-11.1%	86	-1.1%
Bentley	24	+60.0%	102	-7.3%
Citroen	21	+10.5%	74	-36.2%
Lotus	18	+28.6%	102	+96.2%
McLaren	14	+40.8%	41	-10.9%
Rolls-Royce	6	+20.0%	26	+23.8%

Polestar stopped reporting its sales figures to the FCAI earlier this year, however it has confirmed to CarExpert that it sold 356 vehicles in June and has sold 950 year-to-date.

Models

Model	June 2024 sales	Year-to-date sales
Ford Ranger	6289	33,531
Toyota HiLux	5630	28,515
Toyota RAV4	3907	25,405
Mitsubishi Outlander	3045	14,443
Tesla Model Y	2906	12,516
Isuzu D-Max	2881	15,790
Mazda CX-5	2687	11,920
Ford Everest	2267	11,276
Toyota Corolla	2232	13,179
Toyota Camry	2013	10,788
MG ZS	1970	11,809
Kia Cerato	1896	8219
Kia Sportage	1856	10,474
Hyundai Kona	1804	8948
Hyundai Tucson	1795	9462
Mitsubishi Triton	1783	9349
Tesla Model 3	1777	10,600
Mazda CX-3	1598	8537
Isuzu MU-X	1564	10,083
Nissan X-Trail	1483	9449

Segments

The following are the segment leaders for the month of June 2024.

Micro cars: Kia Picanto (686), Fiat 500 (62)
Light cars under $30,000: MG 3 (1287), Suzuki Swift (625), Mazda 2 (392)
Light cars over $30,000: Volkswagen Polo (154), Mini Hatch (89), Audi A1 (24)
Small cars under $40,000: Toyota Corolla (2232), Kia Cerato (1896), Mazda 3 (992)
Small cars over $40,000: MG 4 (395), Audi A3 (337), Subaru WRX (261)
Medium cars under $60,000: Toyota Camry (2013), BYD Seal (706), Mazda 6 (95)
Medium cars over $60,000: Tesla Model 3 (1777), BMW i4 (316), BMW 3 Series (286)
Large cars under $70,000: Citroen C5 X (8), Skoda Superb (6)
Large cars over $70,000: BMW 5 Series (75), Mercedes-Benz E-Class (48), Audi A6 (21)
Upper large cars over $100,000: BMW i7 (7), Porsche Panamera (7), BMW 7 Series (6)
People movers under $70,000: Kia Carnival (1293), Hyundai Staria (104), LDV MIFA (104)
People movers over $70,000: Volkswagen Multivan (80), Mercedes-Benz V-Class (15), Volkswagen California (15)
Sports cars under $80,000: Subaru BRZ (108), Mazda MX-5 (32), Mini Cabrio (27)
Sports cars over $80,000: BMW 2 Series two-door (198), BMW 4 Series two-door (75), Porsche Cayman (74)
Sports cars over $200,000: Porsche 911 (81), Ferrari two-door range (20), Lamborghini two-door range (19)

Light SUVs: Mazda CX-3 (1593), Suzuki Jimny (795), Hyundai Venue (592)
Small SUVs under $45,000: MG ZS (1970), Hyundai Kona (1804), Mazda CX-30 (1306)
Small SUVs over $45,000: Audi Q3 (666), BMW X1 (639), Volvo EX30 (420)
Medium SUVs under $60,000: Toyota RAV4 (3907), Mitsubishi Outlander (3045), Mazda CX-5 (2687)
Medium SUVs over $60,000: Tesla Model Y (2906), Lexus NX (676), Mazda CX-60 (542)
Large SUVs under $80,000: Ford Everest (2267), Isuzu MU-X (1564), Subaru Outback (1286)
Large SUVs over $80,000: Range Rover Sport (349), Defender (310), BMW X5 (294)
Upper large SUVs under $120,000: Toyota LandCruiser (1288), Nissan Patrol (669), Kia EV9 (47)
Upper large SUVs over $120,000: BMW X7 (139), Range Rover (106), Mercedes-Benz GLS (35)

Light vans: Volkswagen Caddy (101), Peugeot Partner (35), Renault Kangoo (5)
Medium vans: Toyota HiAce (1177), Ford Transit Custom (425), Hyundai Staria Load (401)
4×2 utes: Isuzu D-Max (659), Toyota HiLux (654), Ford Ranger (447)
4×4 utes: Ford Ranger (5842), Toyota HiLux (4976), Isuzu D-Max (2222)
Large pickups: Ram 1500 (341), Chevrolet Silverado (237), Chevrolet Silverado HD (131)

Sales by category

Category	June 2024 sales, market share
SUV	65,248 sales, 54.5% share
Light commercial	27,880 sales, 23.3% share
Passenger car	21,065 sales, 17.6% share
Heavy commercial	5466 sales, 4.6% share

Top segments by market share

Segment	June 2024 sales	Change from June 2023
Medium SUVs	27,836	-3.0%
4×4 utes	21,170	+1.6%
Small SUVs	18,204	+2.9%
Large SUVs	13,097	-14.8%
Small cars	8643	+12.6%

Sales by region

State/territory	June 2024 sales	Change from June 2023
New South Wales	36,246	-2.1%
Victoria	32,356	-4.7%
Queensland	26,265	-6.3%
Western Australia	12,079	-7.6%
South Australia	7932	-0.5%
Tasmania	1897	-1.4%
Australian Capital Territory	1856	0.0%
Northern Territory	1028	-5.3%