New Car sales YTD February 2023

March 13, 2023 Rob Fraser Motoring Minute, News Comments Off on New Car sales YTD February 2023

New car sales figures have been released and show a slight 1.8% increase in sales for February with 88,878 vehicles delivered to customers.YTD February 2023 new car sales full year

Of the top ten vehicles sold in February three were Utes, five were SUVs, one electric car and one hatchback.

SUVs account for 55% of sales, Light Commercial Vehicles another 22% and the rest are passenger cars.

Petrol cars account for over 50% of sales, followed by diesel with some 30% of sales

Battery electric vehicles accounted for 6.8 per cent of sales with 5,932 sold in February. Almost 60% of those were from Tesla that had a delivery arrive. However, when you add in the hybrids the total was closer to 14%.

This shows that the market embraces hybrids as a practical solution. Toyota still sell more hybrids than anyone else.

The top ten brands so far this year are Toyota, by a reduced margin, followed by Mazda, Ford, Kia and Hyundai. Next is Mitsubishi, MG Subaru. Tesla makes a surprising appearance then Isuzu.

This is a Motoring Minute

I’m Rob Fraser

TO LISTEN TO THE CAR SALES RADIO REVIEW CLICK BELOW

YTD February 2023 new car sales by car

FCAI Full Release.

Australia’s automotive industry delivered 86,878 vehicles during February 2023, which represents a 1.8 per cent increase on the same period in 2022.

“This is the best February result since 2019. It is particularly pleasing given global and domestic supply constraints,” FCAI Chief Executive Tony Weber said.

Battery electric vehicles accounted for 6.8 per cent of sales with 5,932 sold in February.

“Growing sales of electric vehicles proves that where a battery electric product exists which suits the driving habits, needs and finances of Australian motorists, they will purchase these vehicles,” Mr Weber said.

Zero and low emission vehicle sales, which includes battery electric, hybrid and plug-in hybrid vehicles accounted for 13.9 per cent (12,102).

“The number of low emission vehicle sales demonstrates that there is an appetite among Australians for environmentally friendly vehicles. However, if we wish to accelerate this transition to a broader range of consumers in all parts of the country, Australia needs to adopt a fuel efficiency standard,” Mr Weber added.

A total of 13,625 vehicles were sourced from China, making it the third highest country of origin for new vehicles in February. Japan remains the largest source of new vehicles in the Australian market (24,805), followed by Thailand (18,557). Korea is the fourth highest country of origin (12,246).

YTD February 2023 new car sales by state and brand

Sales by state and brand

ACT increased by 7.2 per cent with 1,454 vehicles sold; New South Wales, 4.7 per cent (27,600); Northern Territory, 2.8 percent (725) and Western Australia, 16.7 percent (9,815).

Sales in Queensland decreased by 2.8 per cent (18,427); South Australia, 4.5 per cent (5,549); Tasmania 9.4 percent (1,414); and Victoria 1.3 percent (21,894).

Toyota led the market with a total of 14,332 vehicles sold.  Mazda was second (7,667), followed by Ford (6,022), Kia (6,000) and Hyundai (5,504).

The Ford Ranger was the highest selling model with 4,473 sales reported

Toyota’s Hi-Lux followed with 3,939. Tesla’s Model 3 was third with 2,671 followed by Mazda’s CX-5 (2,600) and Mitsubishi’s Outlander (2,166).

YTD February 2023 new car sales

Car Sales Key Points:

  • The February 2023 market of 86,878 new vehicle sales is an increase of 1,538
    vehicle sales or 1.8% against February 2022 (85,340). There were 24 selling days
    in both February 2023 and February 2022, resulting in an increase of 64.1 vehicle sales per day.
  • The Passenger Vehicle Market is up by 750 vehicle sales (4.8%) over the same month last year; the Sports Utility Market is up by 2,953 vehicle sales
    (6.6%); the Light Commercial Market is down by 2,959 vehicle sales (-13.6%) and the Heavy Commercial Vehicle Market is up by 794 vehicle sales (26.4%) versus
    February 2022.
  • Toyota was market leader in February, followed by Mazda and Ford. Toyota led Mazda with a margin of 6,665 vehicle sales and 7.7 market share points.

Motoring Minute is heard around Australia every day on over 50 radio channels through the Torque Radio network. 

Motoring Minute has an average daily audience of over 550,000 listeners and they are also syndicated through various news sites around Australia.

Additionally Motoring Minute is also broadcast as part of Overdrive Radio Program, which is broadcast through the Community Radio Network across Australia.

Car Finance
About Rob Fraser 2510 Articles
Rob Fraser – General dogsbody & Director Rob is the founder of the business. He constantly mutters something about way too many red wines one evening being to blame. Often known for taking the 4WD in the driveway over the sports car, he has travelled pretty much everywhere in Australia and when he is bored goes for a drive. He first learned to drive on the farm in a left hand drive WW11 Jeep when he was 11, and was hooked on 4WDriving way back then. In addition to 4WD he is an avid motoring enthusiast and has maintained a strong interest in the industry ever since his teens. He has owned way too many cars in his time as well. Having previously lived at the top of corporate life he retired in 2000 and hasn’t put a suit and tie on since. Cars are his passion so why not have a business doing what you love he figures. He has towed either a caravan or camper trailer to most parts of Australia, has run guided tours for camper trailers’ and instructed drivers in off road towing.
Website

Related Articles