Supply issues continue to restrain vehicle market

The Federal Chamber of Automotive Industries (FCAI) says Australian new cars sales for June were 99,974, bringing the year-to-date total to 537,858, a decrease of 9.7 per cent on the same month in 2021.

FCAI chief executive, Tony Weber, said the fallout from the COVID-19 pandemic continues to hamper automotive manufacturing. The war in Ukraine and shipping issues are also impacting sales.

“Globally, car makers are continuing to suffer from plant shutdowns,” said Weber. In Europe we have component supply heavily impacted by the conflict in Ukraine. Microprocessors continue to be in short supply and global shipping remains unpredictable.

“While demand for new cars remains strong in Australia, it is unlikely we will see supply chain issues resolve in the near future.”

Sales across every state and territory were down apart from the Northern Territory where 1,115 vehicles were sold representing an increase of 16.3 per cent on June 2021. Sales in the Australian Capital Territory fell 11.6 per cent (1,486), New South Wales 7.5 per cent (32,027), Queensland 13.2 per cent (21,983), South Australia 8.6 per cent (6,214), Tasmania 17.2 per cent (1,572), Victoria 12.2 per cent (25,764), and Western Australia 2.2 per cent (9,813).

Toyota led the market with 22,561 vehicles sold. Kia was next with 8,480 followed by Hyundai (8,259), Mazda (6,245) and Mitsubishi (5,846).

Toyota Hi-Lux was the highest selling model with 7,582. Hyundai’s Tucson was next with 2,840, followed by Ford’s Ranger (2,802), Toyota’s Landcruiser (2,783), and Toyota’s Corolla (2,605).

 Key Points:

• The June 2022 market of 99,974 new vehicle sales is a decrease of 10,690 vehicle sales or -9.7 per cent against June 2021 (110,664). There were 25.2 selling days in June 2022 and June 2021, resulting in a decrease of 424.2 vehicle sales per day.

• The passenger vehicle market is down by 4,911 vehicle sales (-21.0 per cent) over the same month last year; the sports utility market is down by 1,254 vehicle sales (-2.3 per cent); the light commercial market is down by 4,698 vehicle sales (-16.5 per cent) and the heavy commercial vehicle market is up by 173 vehicle sales (3.5 per cent) versus June 2021.

• Toyota was market leader in June, followed by Kia and Hyundai. Toyota led Kia with a margin of 14,081 vehicle sales and 14.1 market share points.

Source: VFACTS

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