VFacts Feb 2024

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https://www.carexpert.com.au/car-new...-new-car-sales

VFACTS February 2024: Another record month for Australian new car sales

New car sales were up again in February, with Nissan storming up the sales charts and Ford, Toyota and Mitsubishi up by double digits.

William Stopford

February 2024 was yet another record-breaking month for new car deliveries in Australia, with a long-expected slowdown in sales yet to be reflected in the tallies.

A total of 105,023 vehicles were sold in February, an increase of 20.9 per cent compared with February 2023.

Not only were sales up across every state and territory, every SUV, ute and van segment was up, while small and mid-sized passenger cars also saw a bump.

Sales of traditional petrol and diesel vehicles were up 4.5 and 21.1 per cent respectively, while electric vehicle (EV) sales jumped 70.4 per cent and hybrids saw an even greater increase of 100.2 per cent.

EVs accounted for 9.6 per cent of the market and the Tesla Model 3 was the third best-selling vehicle overall, behind the Ford Ranger and Toyota HiLux.

VFACTS February 2024: Another record month for Australian new car sales
However, the peak body for new car brands cited the fact just one electric ute was sold – the LDV eT60, which is more than double the price of its turbo-diesel counterpart – as a reason the Australian Government should be cautious about its proposed efficiency and emissions standards.

“Australian motorists’ strong preference for utes, accounting for 20.3 per cent of sales this month, demonstrates the challenges with the proposed New Vehicle Emissions (sic) Standard,” said Federal Chamber of Automotive Industries (FCAI) chief executive Tony Weber.

“Out of 21,327 utes sold in February, only one was an EV.

“Growing sales of electric vehicles across other market segments proves that where a battery electric product exists which suits the driving habits of Australian motorists, work and recreation needs they will purchase these vehicles.”

Brands
Toyota was comfortably ensconced in the top spot, though HiLux 4×2 sales sunk 51.4 per cent year-over-year, the Kluger fell by 19.4 per cent, and the Prado dropped by 9.3 per cent ahead of the launch of a new-generation model mid-year.

VFACTS February 2024: Another record month for Australian new car sales
Mazda sat in second with 7350 sales, down 4.1 per cent. It was let down by a drop in CX-5 sales (down 36.8 per cent) plus the drying up of CX-9 stock, though the updated Mazda 2 also sunk by 35.1 per cent.

Ford was up 20.8 per cent to 7275 sales, and even a drop in Ranger 4×2 sales couldn’t stop the Ranger from being Australia’s best-selling vehicle. Everest sales were up 40.8 per cent and Ranger 4×4 sales by 26.2 per cent.

Just outside of the top three was Nissan, which had a huge month especially considering it sat in 12th place last month.

Nissan sales were up 157.2 per cent over February 2023, with the X-Trail up 283.5 per cent, the Patrol by 206.3 per cent, the Juke by 223.4 per cent, and the Navara up by 181 per cent.

After fending off Kia in January, Hyundai was overtaken by its in-house rival (5703 sales vs 6141 sales). Both were outsold by Mitsubishi, which recorded 6411 deliveries.

The top 10 was rounded out by Tesla, Isuzu Ute and MG.

With updated Model 3 deliveries back on track, Tesla wasn’t outsold by BYD again.

Brand Sales Change YoY
Toyota 19,374 +35.2%
Mazda 7350 -4.1%
Ford 7275 +20.8%
Nissan 6617 +157.2%
Mitsubishi 6411 +16.6%
Kia 6141 +2.4%
Hyundai 5703 +3.6%
Tesla 5665 +61.1%
Isuzu Ute 4692 +48.7%
MG 4474 +2.5%
Subaru 3802 -6.2%
GWM 3458 +47%
Volkswagen 3169 +8.2%
Suzuki 1742 +26%
BMW 1710 +63.3%
Honda 1709 +39.2%
Mercedes-Benz 1645 -8.9%
BYD 1549 +101.2%
LDV 1387 -16%
Audi 1219 -27.4%
Lexus 1009 +40.9%
Porsche 717 +16.8%
Chery 629 –
Volvo 604 -29.6%
Skoda 533 -17.4%
Land Rover 520 +293.9%
Renault 514 -9.7%
SsangYong 422 -11%
Ram 325 -40.6%
Chevrolet 287 +33.5%
Mini 286 +53.8%
Cupra 219 +3.8%
Jeep 219 -44.1%
Peugeot 206 +82.3%
Polestar 113 -34.3%
Fiat 104 -32.9%
Genesis 75 -31.8%
Alfa Romeo 64 +113.3%
Jaguar 43 +95.5%
Maserati 34 +36%
Lamborghini 18 +20%
Lotus 17 +30.8%
Citroen 13 0%
Ferrari 13 -40.9%
Bentley 11 -75.6%
Aston Martin 9 -10%
Rolls-Royce 4 +300%
McLaren 2 -50%
Models
After snatching the crown from the Toyota HiLux in 2023, the Ford Ranger was once again Australia’s best-selling vehicle.

Not only that, it managed to beat the HiLux in 4×2 ute sales – typically, the Ranger only beats the HiLux in 4×4 sales. The Isuzu D-Max also pushed past the HiLux in 4×2 sales.

The Tesla Model 3 overtook the Model Y in sales, no doubt buoyed by a recent update and the resumption of sales following a brief pause to address a compliance issue.

The Nissan X-Trail stormed past all its mid-sized SUV rivals bar the Toyota RAV4.

Ford Ranger: 5353
Toyota HiLux: 4403
Tesla Model 3: 3593
Isuzu D-Max: 2941
Toyota RAV4: 2843
Nissan X-Trail: 2508
Toyota Corolla: 2439
MG ZS: 2357
Mitsubishi Outlander: 2209
Tesla Model Y: 2072
Isuzu MU-X: 1751
Hyundai Tucson: 1687
Mazda CX-5: 1642
Toyota LandCruiser wagon: 1578
Toyota Camry: 1552
Mitsubishi Triton: 1537
Nissan Navara: 1501
Mazda BT-50: 1389
Hyundai i30: 1372
Kia Sportage: 1350