February new car sales show a slight dip to 94,131 units, down 2.67 per cent, compared to same time last year. Year to date, sales declined by 1.33 percent to 181,884 units.
With over 22,000 vehicles sold, China has officially surpassed Japan to become Australia’s largest supplier of new vehicles, breaking a 28-year record, driven by competitive pricing, technology, and design.
New South Wales recorded the highest volume with 28,589 sales, followed by Victoria (25,907) and Queensland (20,305).
Toyota remains the market leader in February with 13,606 sales, followed by Mazda (7,042), Ford (6,907) and Kia(6,710). Evolving consumer preferences are becoming increasingly evident, with battery electric vehicles accounting for over 11 per cent of total sales for the month.
The AADA has assessed VFACTS and EVC Top 10 Makes and Models year-to-date, ranking them by volume, and continues to analyse new vehicle sales by state, fuel type and market segment to track trends shaping the Australian market.