Australian Automotive Market
Car sales Brisbane market has been going through a rollercoaster of a ride. Unpredictability characterized the past, but the future looks bright. Decreased buying powers, strict labor laws, quarantining guidelines, and severe illness has caused a decrease in vehicle purchases.
It’s like a breath of fresh air to see FCAI’s new findings on domestic and international vehicle acquisitions. Automotive industry revival is what’s on everyone’s mind. And now we have evidence to prove the Australian motor industry is back in action with an increase of 25% car sales Brisbane in June 2023 compared with June 2022.
“This increase in sales is extremely encouraging,” said Tony Weber, FCAI’s chief executive officer.
Car Sales Brisbane: A History Lesson
The world economy has suffered greatly since COVID-19. Worldwide, economies have been in a mess. The pandemic affected various industries, including the automotive sector and other related sectors, which includes companies responsible for developing semiconductor chips needed for modern cars.
This resulted in a compounding effect, with hundreds of car orders being delayed. This postponement, combined with decreasing buying power, put the Australian automotive industry to a halt. Most Australians moved towards buying second-hand vehicles, which in turn caused a hike in their prices as well.
Electric Revolution Is Not Far Behind
Apart from traditional vehicles, car sales Brisbane of low and zero-emission cars continue to grow, with 16.6% of vehicles being hybrids, battery electric, and plug-in hybrid models. Battery electric cars account for 8.8% of the sales, and the second highest selling car model of the first half of 2023 is Tesla Model Y at a record sale of 5,560, followed closely by the no.1 Australian all-time favourite, Toyota Hi-Lux at 6,142 units, sold.
This year there was a continuous introduction of new battery electric vehicles across all model segments. These newer cars gave better performance than their predecessors and were at an even more competitive price range.
The saturation of sustainable vehicles in Australia really gave the buyers a chance to dabble into eco-friendly vehicles, an option missing for quite a long time in the Australian market.
Car Sales Brisbane Automobile Market Today
Now In 2023, the numbers look extremely promising. In January 2023 total number of cars sold were 84,873, in February 86,878, in March 97,251, in April 2,137, in May 105,694, and in June 124,926, respectively. A total of 581,759 cars have been sold in the past six months. The end of the fiscal year has shown an exponential increase in the number of vehicles sold, and this is only about to increase.
Car Facts First Half Of 2023
An Over All Increase In Car Sales
The Northern Territory faced a decrease in electric car purchases by 2.7% compared to June 2022, but the rest of the states and territory enjoyed an increase in sales:
- Australian Capital Territory by 24.9% (1,856)
- Queensland by 27.5% (28,029)
- New South Wales by 15.6% (37,020)
- South Australia by 28.3% (7,974)
- Tasmania by 22.3% (1,923)
- Victoria by 31.8% (33,966)
- Western Australia 33.2% (13,073)
Most Popular Brands Of Cars From Jan – June 2023
- Toyota, with 20,948 units sold
- Mazda, with 9,706 units sold
- Hyundai, with 8,215 units sold
- Ford, with 7,753 units sold
- KIA, with 7,551 units sold
Most Popular Models
- Toyota Hi-Lux (6,142 units sold)
- Tesla Model Y (5,560 units sold)
- Ford Ranger (5,334 units sold)
- MG ZS (3,756 units sold)
- Toyota RAV 4 (2,858 units sold)
A Look Into The Future
As discussed earlier, there is still a lot of development for the future. Many new car models are launching in the market, which is making vehicle enthusiasts very excited. Here are some of the new vehicle models expected for 2023 – 2024:
- Aion Hyper GT expected 2024
- Alfa Romeo Tonale PHEV expected November 2023
- Aston Martin DBS 770 Ultimate Volante expected third quarter of 2023
- Audi RS6 Performance expected fourth quarter of 2023
- Audi RS7 Performance expected fourth quarter of 2023
- BMW M3 CS expected 2023
- BMW X5 Update expected 2023
- BMW i7 M70 expected fourth quarter 2023
- BMW XM Label Red expected fourth quarter of 2023
- BMW 5 Series i5 expected fourth quarter of 2023
- BMW X1 M35i expected second half of 2023
- BYD New Dolphin expected fourth quarter of 2023
- BYD New Seal expected fourth quarter of 2023
- Chery Omoda 5 1.6T expected second half of 2023
- Chery Omoda 5 EV expected first half of 2024
- Chery Tiggo 7 Pro expected second half of 2023
- Chery Tiggo 8 Pro expected second half of 2023
- Chevrolet Corvette Z06 expected in 2023
- Citroen C5 X PHEV expected in 2023
- Cupra MY24 Leon expected third quarter of 2023
- Cupra MY24 Formentor expected third quarter of 2023
Market conditions will always be unpredictable, and sometimes unprecedented events (see Covid-19) can completely wreak havoc on economies.
And that’s exactly what car sales Brisbane is showing this year. Using positivity as our guide, let’s see what the year brings.
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Last updated on September 18th, 2023 at 05:25 am