July New Vehicle Registrations Still in High Gear

July New Vehicle Registrations Still in High Gear

David Crawford, Chief Executive Officer of the Motor Industry Association says ‘Registrations of new vehicles remain at record high levels with the market growing a pleasing 5 percent year to date. This is made up of 4.5 percent passenger and 5.9 percent commercial new vehicle registrations year to date. However, in recent months overall growth has slowed with registrations of new commercial vehicles plateauing. Registrations of new commercial vehicles in July were down 4.6 percent on July 2014, reflecting recent general economic indicators elsewhere in the economy.’

Total new vehicle registrations for July are up one 1 percent (53 vehicles) on July 2014. Toyota remained the overall market leader for the month of July with 18 percent market share (1,856 vehicles) followed by Ford with 10 percent (1,042 vehicles) and Holden with 9 percent market share (972 vehicles). Year to date Toyota, Holden and Ford remain the overall market leaders.

New passenger car registrations of 7,272 vehicles in July were up 201 units (2.8 percent) on July 2014 sales of 7,071 vehicles, and was the strongest month of July since 1986. Toyota remains the market leader for passenger vehicles with 16 percent market share (1,179 vehicles) followed by Mazda with 10 percent (724 vehicles) and Holden with 9 percent market share (647 vehicles). Year to date, Toyota, Holden and Mazda remain the passenger vehicle market leaders. Having been displaced in recent months, the Toyota Corolla was once again the top selling passenger model for the month of July (352 vehicles) followed by the Toyota RAV4 (288 vehicles) and the Mazda CX-5 (241 vehicles).

New commercial vehicle registrations of 3,094 vehicles in July were down 148 vehicles (minus 4.6 percent) compared to July 2014. Toyota was the commercial vehicle leader for the month of July with 22 percent market share (677 vehicles), followed by Ford with 17 percent (529 vehicles) and Holden with 11 percent market share (325 vehicles).

The Ford Ranger remained the monthly top selling commercial vehicle model with 460 vehicles registered, followed by the Toyota Hilux with 448 vehicles and Holden Colorado with 300 vehicles. Year to date the Ford Ranger remains the top selling commercial vehicle model with 16 percent market share (3,494 vehicles) followed by the Hilux with 14 percent (3,029 vehicles) and the Nissan Navara with 9 percent market share (2,122 vehicles).

The Ford Ranger is the top model overall for the month of July with 460 vehicles followed by the Toyota Hilux with 448 vehicles and the Toyota Corolla with 354 vehicles. They are also, respectively, the top three models year to date.

The sales of sports utility vehicles remains the dominant vehicle segment with 35 percent market share for the month of July and 33 percent year to date. The Pick-up/Chassis Cab segment was the second strongest segment with 21 percent for the month of July and 21 percent market share year to date. The small passenger vehicle segment was the third biggest segment on 13 percent market share for the month of July and 14 percent year to date.

‘The sales of new vehicles remains strong but in line with other economic indicators further growth above current levels is uncertain. Looking ahead, while registrations of new vehicles for the 2015 year are likely to be above the record 127,179 achieved in 2014, it is unlikely to break the 130,000 barrier for the first time which we previously anticipated might be possible’ said Mr Crawford.

ENDS

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