New car sales continue sharp decline

AutoExec Summary
New car sales in Australia have declined significantly, with April sales totalling 75,550, down 9% from last year. The passenger car segment has been particularly hard hit, dropping 17%. Holden’s market share has almost halved, while Toyota and Ford also faced declines. In contrast, Mitsubishi saw a year-to-date sales increase of over 12%. Economic factors and consumer conservatism are contributing to the downturn, as luxury brands like Audi and BMW also report declining sales.

Brands mentioned: Toyota, Mazda, Holden, Kia, Volkswagen, Ford, Mitsubishi, Audi, BMW, Mercedes-Benz, Volvo, Hyundai, Nissan, Subaru