Australia’s motor industry has achieved another record year of sales in 2017, according to results released today by the industry’s official statistical service, VFACTS.
Toyota has topped Australia’s new-car sales chart for the 15th year running with the Toyota Hilux holding onto pole position as the vehicle in most demand by Australian drivers.
The industry posted a record December result to reach a 12-month total of 1,189,116, an increase of 0.9 per cent over 2016.
It marks the industry’s fourth record in five years.
The December total of 102,820 was also a record for that month, up 4.1 per cent on December 2016.
Releasing the 2017 results, FCAI Chief Executive Tony Weber said that 2017 marks the first full year in which the sales of Sports Utility Vehicles (SUVs) have outstripped those of passenger cars.
Australians bought 465,646 SUVs during 2017 for a 39.2 per cent share of the total market, compared with 450,012 passenger cars with a 37.8 per cent share
“The shift in industry dynamic we observed last year has now become entrenched in our market. It is a growth pattern that we expect will continue,” Mr Weber said.
Light commercial vehicles also carried on their steady sales climb last year, up from an 18.5 per cent share of the total market in 2016 to 19.9 per cent in 2017. Mr Weber said that while the stability of the Australian economy and low interest rates were influential factors in the overall market growth, it was the fierce competition within the market place between brands which provided the momentum.
“Clearly Australian consumers recognise the value for money that is on offer in the new vehicle market, and responded accordingly,” Mr Weber said.
“To have eight record months out of 12 in 2017 speaks volumes for how brands successfully placed new products and incentives into the market which kept attracting buyers into the showrooms right through the year.”
The top-selling model for 2017 was the Toyota Hilux, for the second year in a row. It was also the top-seller in December with 3,949 sales, followed by the Holden Astra (3,533), the Ford Ranger (3,458), the Holden Colorado (3,222) and the Mazda3 (2,807).
Toyota was top-selling brand of 2017 with an 18.2 per cent market share, followed by Mazda with 9.8 per cent, Hyundai (8.2%), Holden (7.6%) and Mitsubishi (6.8%).
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"It's great to see the Motor Industry finish on a high note" says Brad Dale, Executive Director of AFS.
"Whilst the usual cohort of Toyota, Mazda, Holden, Mitsubishi and Ford take the top five manufacturer positions, there were some strong performances by the likes of Kia up 28.3 percent (54,737), Subaru up 11.7 percent (52,511) and Honda up 14.6 percent (46,783)," says Mr Dale.
"Our New Car XMas Special of 5.95% (Comparison Rate 7.22%) was well received by the market during the record month of December, particularly as finance brokers realised they earned 1.5% of the net amount financed at that low interest rate."
"As a consequence, AFS has decided to make the competitive interest rate for car finance available to consumers for another month, until 31st January 2018," adds Mr Dale.
"Customers can arrange car finance through AFS that ensures flexibility of choice:
Thinking of financing a 2017 Toyota Hilux - Check this out:
* Interest rate only applicable for new vehicles that have not been pre-owned, where the applicant owns or is buying their home, has an established good credit history and the amount borrowed is greater than $30,000 but less than $100,000. Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicants credit score and associated risks. Credit provider is Automotive Financial Services – Australian credit licence 383762. ^Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. XMas Special Offer for New Cars only and only available until 31st January 2018.