Sales of new cars and trucks have jumped with Australia's auto industry posting its best May result on record.In a further sign of improving supply, t
Sales of new cars and trucks have jumped with Australia’s auto industry posting its best May result on record.
In a further sign of improving supply, the Federal Chamber of Automotive Industries said 105,694 new vehicles were delivered last month, a 12 per cent improvement on May last year.
The result was also up 2.7 per cent compared to May 2017, the previous highest for the month, and took year-to-date demand to 456,833, a 4.3 per cent improvement on 2022.
Toyota topped the list as the most popular car for the month with 18,340 vehicles sold, followed by Mazda and Hyundai.
The Federal Chamber of Automotive Industries said 105,694 new vehicles were delivered in May, with the Toyota Hi-Lux as the top-selling model with 5,772
the Ford Ranger (pictured) was the second most popular car in May with 4,110 sold
FCAI Chief Executive Tony Weber said the result was encouraging following many months where deliveries were hampered by shipping and logistics issues.
‘This result is a signal that we are starting to see some improvement in supply,’ Mr Weber said.
‘However, not all issues are resolved, and our members continue to work with their customers to improve delivery times.’
Mr Weber said the industry remained cautious about broader economic conditions and their potential impact on demand.
‘A large proportion of vehicles delivered this month would have been ordered during 2022,’ he said.
‘Since then, we have seen a shift in economic conditions with a focus on rising cost pressures for households and businesses.
‘Nevertheless, reports from our members indicate that demand remains firm.’
Despite Tesla ranking as the eighth most popular car company, it’s Model Y (pictured) was the third most popular car in May with 3,178 sold
Toyota ranked as the most popular company and not only had the most popular car sold but also took fourth spot with the Toyota RAV4 (pictured)
Sales of battery electric vehicles accounted for 7.7 per cent of the total market in May and are now running at seven per cent for the year.
Sales across all electrified vehicles, including hybrids and plug-in hybrids, came in at 15.6 per cent last month.
Toyota was the market leader in May with 18,340 vehicles, ahead of Mazda on 8,475, Hyundai on 7,078, Kia on 7,000 and Ford on 6,251.
The Toyota Hi-Lux was the top-selling model with 5,772 delivered ahead of the Ford Ranger on 4,110, Tesla’s Model Y with 3,178, the Toyota RAV4 on 2,616 and the MG
Source: | This article originally belongs to Dailymail.co.uk