New data revealed 95,256 vehicles were sold in August, an increase of 17.3% on figures reported for August 2021.
The Federal Chamber of Automotive Industries' (FCAI) 'VFACTS' report released today revealed the 95,256 new vehicle sales represents an increase of 14,057 vehicle sales compared to August 2021.
Albeit, August 2021 was when Queensland experienced sporadic Covid lockdowns, and New South Wales and Victoria were experiencing some of their longest lockdowns.
Car sales figures for the months prior in June and July reached 99,974 and 84,461 respectively, bringing the year-to-date total to 717,575.
FCAI Chief Executive Tony Weber said the increase in new vehicle sales is encouraging amid the global economic recovery from the pandemic.
“The August VFACTS sales are the best August result since 2017,” Mr Weber said.
“This gives hope that the supply of vehicles to the Australian market is beginning to show signs of improvement.”
The VFACTS report revealed state-by-state sales statistics compared to July 2021, noting:
- Australian Capital Territory sales increased by 49.8% with 1,410 vehicles sold.
- New South Wales sales increased by 40% with 30,501 vehicles sold.
- Northern Territory sales increased by 4.2% with 816 vehicles sold.
- Queensland sales increased by 11.7% with 21,379 vehicles sold.
- Victoria sales increased by 18.4% with 25,053 vehicles sold.
- South Australia sales decreased 9.7% with 5,702 vehicles sold.
- Tasmania sales decreased 3% with 1,611 vehicles sold.
- Western Australia sales decreased 6.5% with 8,784 vehicles sold.
Toyota led the market with a total of 20,616 vehicles sold followed by Mazda 8,824; Kia, 6,780; Hyundai, 6,643; and Mitsubishi, 6,380.
EV sales continue their upward trend
Sales of electric cars accounted for 4.4% of the total market in August, the highest market share for electric vehicles ever recorded in a single month.
“We have seen strong sales of battery electric vehicles in August, with Tesla (NASDAQ:TSLA) alone selling 3,397 vehicles,” Mr Weber said.
“Year-to-date EV sales are 2% of the total market, hybrids are 7.6% and plug-in hybrid vehicles are 0.6%.
“Combined electrified vehicles are now just over 10% of total sales in 2022.”
"New car sales back to their winning ways, up 17%" was originally published on Savings.com.au and was republished with permission.