Image: Drive
Image: Drive
AutoExec Summary
In July 2024, the Australian new car market saw a record number of vehicles sold, with Toyota’s RAV4 medium SUV emerging as the most popular vehicle. The market bounced back from a dip the previous month, with 99,486 vehicles sold. Toyota remained the top-selling brand, followed by Mazda and Ford. Hybrid sales were booming, with the RAV4 leading the charge. The shift towards hybrids over fully-electric vehicles was attributed to the SUV’s success. Despite a decline in electric vehicle sales, year-to-date numbers were up. The industry remains cautious about future conditions pending the implementation of the New Vehicle Efficiency Standard.
Brands mentioned: Toyota, Ford, Mazda, Kia, Hyundai, Nissan, MG, Isuzu, Subaru, Tesla, Polestar, BMW, Mercedes-Benz, Volkswagen, Audi, Mini, Skoda, Citroen, Bentley, Porsche, Ferrari, Lamborghini, Land Rover, Lexus, Volvo, Peugeot, Renault, LDV, Ram, Chevrolet.