The Federal Chamber of Automotive Industries (FCAI) has released data on new car sales, which achieved the highest August result on record:
Australians took delivery of 109,966 new vehicles in August, a 15.4% increase on the same period in 2022.
The next chart from CommSec shows that August’s sales were unprecedented, blitzing earlier years:
Over the year to August, 1.15 million cars were delivered to Australians.
FCAI Chief Executive Tony Weber said back-to-back months of record-breaking new car sales was positive news for car manufacturers and consumers.
“The Australian automotive sector continues to demonstrate its strength, with August recording unprecedented sales figures, reflecting both a high level of demand from Australians and improved supply of vehicles”.
“Year to date sales have increased 9.9 per cent which is a better indicator of the underlying strength of the market”, he said.
SUVs continue to dominate sales, with August’s sales up 28.3% year-on-year. By contrast, sales of passenger motor vehicles (PMVs) continued to fall, down 3.3% year-on-year in August:
Clearly, global supply constraints have eased and back-orders are now rolling into Australia.
