New car sales figures released by the Federal Chamber of Automotive Industries indicate an ongoing softening demand for new vehicles with sales declining by 11.6% to 99,091 in November compared to same month last year. Year-to-date, sales are up by 0.6% on the same period in 2023.
Private buyers struggle amid rising cost of living pressures reflected by the drop in sales by 16.6% in that segment. Consumer preferences for SUVs and Light Commercial vehicles remain clear, with Ford Ranger, Toyota RAV4 and Toyota Hilux ranking as the top 3 models year-to-date. Across fuel types, Hybrid and PHEVs continue to be a favourable option as brands and consumers adapt to evolving emission standards.
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 November and YTD, as well as fuel types and market segments.