According to the Federal Chamber of Automotive Industries Australians have a love affair with new cars, buying almost one million new vehicles so far in 2016 and looking set to easily surpass last year’s record total of 1,155,408.
Some states do by more than others of course, with Australian Bureau of Statistics (ABS) figures showing that sales numbers are largely in line with population – although state by state demand does fluctuate, with NSW up 5.1% YTD and Victoria increasing by 3.9% YTD. Demand in Queensland, South Australia and WA have all fallen over the current year, by 7.5%, 6.4% and 11.2% respectively.
Australians are also changing their preference in terms of what they buy, with the sales difference between passenger cars and SUVs nationally closing to its smallest margin yet (just 1,375 vehicles) during October. This reflects the continued strong growth in both SUVs and light commercial vehicles, which together accounted for 56.2% of total vehicle sales nationally during October.
“The gap between the two is narrowing by the month and should this trend continue, it is likely that SUVs will become the larger segment sometime in the foreseeable future,” said the Chief Executive of the Federal Chamber of Automotive Industries, Tony Weber.
The Cars Australians Buy
In October 2016, the Toyota Hilux was the nation’s best-selling vehicle with 3,352 sales, just 135 ahead of the Ford Ranger. Just seven sales behind the Ranger was the Toyota Corolla (3,210 sales), followed by the Hyundai i30 (2,718) and the Mazda3 (2,191).
|Toyota Hilux – 3,352 sales in October|
|Ford Ranger – 3,217 sales in October|
|Toyota Corolla – 3,210 sales in October|
|Hyundai i30 – 2,718 sales in October|
|Mazda 3 – 2,191 sales in October|
Compare car insurance
Buying a new car is a perfect time to compare the car insurance you choose. CANSTAR’s most recent car insurance report rates 63 car insurance products across 53 car insurance providers to determine which ones offer outstanding value for money.