New car sale figures released by the Federal Chamber of Automotive Industries show a 2.7% increase in sales in July compared to the same month last year. Year to date, sales are up by 7.9% on the same period in 2023.
A total of 99,486 new cars were sold in July 2024. Hybrid vehicle sales have continued to increase as consumers shift their preferences to adjust to rising cost-of-living pressures and increasing fuel prices. In July, 18,039 new hybrid vehicles were sold, representing an 88.4% increase, plug in hybrid vehicles are also up 128.9% compared with July 2023.
The AADA has assessed VFACTs Top 10 Makes & Models YTD, ranking them by volume. The AADA has also analysed new car sales figures by state for both the month of June and YTD, as well as fuel types and market segments.
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