Australia 2024. Auto Market Fast Movers In April (+18.9%)

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The 2024 Ford Mustang Gt Convertible
The 2024 Ford Mustang Gt Convertible

Australian Vehicles Market continues to thrive in 2024. In April sales reached 93,954 units (+18.9%). Market leader Toyota, owning 19.7% of the market, continues to grow fast (+45.4%), growing the most with Nissan in the top 10.

 

Market Trend and Outlook

The positive trend observed at the start of the year continues through April, which marked the 15th monthly growth with 93,954 new registrations (+18.9%). YTD sales up to 390,069 (+15.0%). 

Looking at cumulative data up to April 2024, brand-wise Toyota reports the most sales at 77,009 (+45.4%), followed by Ford -up 2 spots- at 31,323 (+29.6%), Mazda -down 1 spot- at 31,062 (-3.7%) and Kia – down 1 spot- at 25,571 sales (+3.9%).

Mitsubishi is up 1 spot ranking in 5th position with 25,502 sales (+21.0%), in front of Hyundai -down 1 spot- at 23,035 (+2.8%), and Nissan -up 5 spots- with 17,198 registrations (+50.4%).

Isuzu gains 2 spots and ranks in 8th with 17,057 sales (+28.6%), followed by MG -down 2 spots- at 16,210 (+2.3%) and Tesla -down 2 spots- in 10th with 14,866 new registrations (+5.6%).

Looking at specific models the Ford Ranger is the best-selling car (+23.3%). The Toyota Hilux is in second with a 6.2% increase in year-on-year registrations.

 

Medium-Term Market Trend

In the past decade the Australian vehicle market has remained relatively stable. In 2010 and 2011 sales remained around 950k registrations. While in 2012 with a 12.6% growth light vehicle sales rose above 1 million and stayed above this mark until the arrival of the pandemic. During these 8 years sales didn’t fluctuate much reaching a maximum of 1.17 million in 2016 an a minimum in 2019 at 1.04 million sales.

With the arrival of Covid-19 in 2020 the Australian vehicle market took a 15.1% hit moving  sales down to 880k registrations.

This drop, enhanced by the closing down of manufacturing plants and distributors ,didn’t last long. In fact, in 2021 sales jumped back above the 1 million mark with a y/y growth of 14.9%. 2022 maintained the momentum and grew another 1.5% in volume.

In 2023 vehicles sales grew up again at 1.18 million sales, a 12.7% growth from the previous year. 

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Groups, and top 10 Models.

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