

James Wong
8.4
4 Days Ago
The market's momentum continues, with five of the past six months setting records as supply pipelines normalise. But what comes for 2024?
The Australian new vehicle market has eclipsed the magic million sales mark with two months to spare, the first time it has done so.
Five of the past six months have broken existing sales records, with the October tally sitting at 106,809 units, up 22.3 per cent over the same month in 2022.
Year-to-date (YTD) the tally sits at 1,006,095 units, up 12 per cent.
However while the market is on record pace, a sizeable proportion of this comes is a COVID hangover, with improved supply pipelines leading to overdue deliveries.
The forward order-write for dealers is another story, given ongoing economic uncertainty.
“The Australian market has demonstrated incredible strength and vitality throughout 2023, culminating in Australia reaching one million sales in October for the first time,” claims Federal Chamber of Automotive Industries (FCAI) CEO Tony Weber.
“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.”
Toyota was up a solid 11.2 per cent and outsold its closest competitor by more than two to one, with 20,298 sales. Mazda’s 9316 sales haul was up 61.3 per cent, putting Ford into third with 8605 sales (up 10 per cent). Hyundai finished fourth on 6620 sales, up 25.2 per cent, ahead of Mitsubishi on 6395 sales (up 6.9 per cent).
Rounding out the top 10 were MG (6102 sales, up 21.3 per cent), Kia (a rare down month with 5647 sales, down 11.5 per cent), Volkswagen (4361, up 36.3 per cent as European supply improves), Isuzu Ute (4160, up 45.2 per cent), and Nissan (3756, up 201.2 per cent courtesy of its largely new SUV range).
Other brands that had great months included Subaru (up 55.4 per cent), GWM (up 20.6 per cent), BMW (again beating Mercedes-Benz and up 28.8 per cent), Tesla (up 79.3 per cent), Audi (up 50.7 per cent), Lexus (another massive haul after several months of records, up 109.4 per cent), and Land Rover (up 70.3 per cent).
OEMs that battled and went backwards other than Kia included Suzuki (down 19.1 per cent), Honda (down 12.3 per cent), Volvo (down 7.5 per cent), Skoda (down 6.0 per cent), Renault (down 23.4 per cent), Porsche (down 29.9 per cent), Ram (down 41.7 per cent), Jeep (down 27.6 per cent), and Polestar (down 68.3 per cent).
BRAND | SALES | % CHANGE |
---|---|---|
Toyota | 20,298 | 11.2% |
Mazda | 9316 | 61.3% |
Ford | 8605 | 10.0% |
Hyundai | 6620 | 25.2% |
Mitsubishi | 6395 | 6.9% |
MG | 6102 | 21.3% |
Kia | 5647 | -11.5% |
Volkswagen | 4361 | 36.3% |
Isuzu Ute | 4160 | 45.2% |
Nissan | 3756 | 201.2% |
Subaru | 3603 | 55.4% |
GWM | 2968 | 20.6% |
BMW | 2470 | 28.8% |
Mercedes-Benz Cars | 2036 | -0.7% |
Tesla | 1988 | 79.3% |
Audi | 1933 | 50.7% |
LDV | 1724 | 13.6% |
Lexus | 1294 | 109.4% |
Suzuki | 1231 | -19.1% |
BYD | 1012 | – |
Honda | 975 | -12.3% |
Land Rover | 821 | 70.3% |
Chery | 688 | – |
Volvo Car | 667 | -7.5% |
Skoda | 576 | -6.0% |
Renault | 511 | -23.4% |
Porsche | 485 | -29.9% |
Cupra | 440 | 77.4% |
Mini | 390 | 153.2% |
Ram | 383 | -41.7% |
Chevrolet | 356 | 36.9% |
SsangYong | 343 | -14.7% |
Jeep | 326 | -27.6% |
Peugeot | 224 | 23.1% |
Fiat | 165 | 43.5% |
Genesis | 162 | 29.6% |
Polestar | 78 | -68.3% |
Alfa Romeo | 73 | 97.3% |
Jaguar | 62 | 24.0% |
Maserati | 57 | 35.7% |
Lotus | 29 | – |
Lamborghini | 24 | -27.3% |
Bentley | 15 | 150.0% |
Citroen | 12 | -67.6% |
Ferrari | 12 | -61.3% |
Aston Martin | 10 | -9.1% |
McLaren | 7 | -36.4% |
Rolls-Royce | 3 | 0.0% |
EV-specific models top-sellers*:
Doesn’t include models with both ICE and EV options eg. MG ZS or Hyundai Kona. We will run a full EV breakdown when we get more data
Sales by region
Category breakdown
Top segments by market share
Sales by buyer type
Sales by propulsion or fuel type
Sales by country of origin
Got any questions about car sales? Ask away in the comments and we’ll jump in!
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