Australian buyers flocking to four-wheel drives and hybrids

AutoExec Summary
In May, the Australian new car market saw a decline of 8.1% year-on-year, with 92,561 vehicles sold. Despite the downturn, Toyota dominated sales with five models in the top ten, including the HiLux and RAV4. The Ford Ranger also performed well, contributing to Ford’s positive growth. Economic challenges and reduced consumer confidence affected overall sales, but optimism remains for future improvements following the Federal election. The Hyundai i30 emerged as the best-selling small car, outperforming competitors.

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