New car sales plummet in February: utes the only bright spot

AutoExec Summary

New car sales in Australia have declined over 9% in February 2019 compared to the previous year, with a total of 184,550 sales. Economic factors, including falling house prices, have contributed to this downturn. While passenger car sales dropped significantly, the light commercial vehicle segment, particularly utes, showed growth. Toyota HiLux, Ford Ranger, and Mitsubishi Triton led sales. Notably, Mitsubishi experienced substantial growth, while luxury brands like Audi faced sharp declines.

Brands mentioned: Toyota, Ford, Mitsubishi, Mazda, Hyundai, Kia, Volkswagen, Nissan, Honda, Holden, Audi, Volvo