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Supply constraints continue to restrain new vehicle market

 The FCAI, the peak body for Australia’s automotive industry, has today released new vehicle sales figures for June 2022. 

A total of 99,974 vehicles were sold in June bringing the year-to-date total to 537,858. This result represents 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. This, combined with the war in Ukraine and shipping issues means that the supply of new vehicles hitting Australia’s shores cannot keep up with demand. 

“Globally, car makers are continuing to suffer from plant shutdowns. 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,” Mr Weber said. 

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 a total of 22,561 vehicles sold. Kia was next with 8,480 followed by Hyundai (8,259), Mazda (6,245) and Mitsubishi (5,846). 

The 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). 

VFACTS JUNE 2022 

Summary by Class: 

Key Points: 

  • The June 2022 market of 99,974 new vehicle sales is a decrease of 10,690 vehicle sales or -9.7% against June 2021 (110,664). There were 25.2 selling days in both 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%) over the same month last year; the Sports Utility Market is down by 1,254 vehicle sales (-2.3%); the Light Commercial Market is down by 4,698 vehicle sales (-16.5%) and the Heavy Commercial Vehicle Market is up by 173 vehicle sales (3.5%) 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.