Vehicle Sales Rebound From COVID Catastrophe

The Federal Chamber of Automotive Industries (FCAI), released the first figures for 2021, and Jabuary looks promising.

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In all, 79,666 vehicles found homes January 2021, which is up 11.1% up on last year. Every state and territory showed  big increases, from 38.7% in the Northern Territory, to and 1.9% Victoria.

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COVID lockdown stopped buyers from making decisions, but they seem to be on the move again.

FCAI chief executive, Tony Weber, said “During the past three months sales had increased by 12.4 per cent compared to the corresponding period twelve months earlier. The January sales numbers are indicative of positive consumer confidence in the domestic economy. With attractive interest rates and a range of other economic indicators encouraging consumption, we hope to see this trend in new vehicle purchasing continue through 2021,” Mr Weber said.

Private buyers drove the growth, and was up 25.4%. Business fell by 1.%. Government and Rental sales fell by by 11.2%and 12.4%respectively.

Passenger sales fell a further 9.3% in a continued abandonment of the sector by buyers preferring SUVs. Meanwhile, SUVs were up 17.4%, and light commercial vehicles, like Hilux and Amarok, were up a huge 24%.

Toyota was top seller, again. The Japanese car maker moved 16,819 units, which is 21.1% of of all sales in Australia. Next was Mazda with 8,508 (10.%), Hyundai with 5,951 (7.%), Kia with 5,500 (6.9 %) and Mitsubishi with 5,179 (6.%). Please note the rise of the Hyundai group brands to 4^th and 5^th places in the top ten.

Toyota Hilux was the top seller, with 3,913 of the pickup truck being sold. Next was Ford Ranger, another pickup truck, with 3,120 units, Toyota RAV4 (3,066), the Toyota Landcruiser (2,388) and the Mazda CX5 (2,081).

We live in interesting times.