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The Federal Chamber of Automotive Industries (FCAI) has reported that 2023 was a record year for new vehicle sales, with 1,216,780 vehicles being delivered. This represented a 12.5% increase on 2022.
While full battery electric vehicles made up 7.2% of new vehicles delivered in 2023, up from 3.1% in 2022, utes were the top three-selling vehicles.
The Ford Ranger recorded 63,356 deliveries in 2023, followed by the Toyota HiLux (61,111) and the Isuzu Ute D-Max (31,202):
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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