New car market shows signs of life as sales improve

AutoExec Summary

In July, the Australian new car market showed signs of recovery, with sales declining by only 2.8% compared to the previous year, totalling 83,184 vehicles. The Toyota HiLux remained the best-selling vehicle, while the RAV4 hybrid gained popularity, significantly boosting hybrid sales. Kia was the only top brand to see growth. The luxury segment saw Volvo and Lexus performing well, while Chinese brands like MG and LDV also experienced notable increases in sales.

Brands mentioned: Toyota, Kia, Ford, Hyundai, Mazda, Mitsubishi, Nissan, Volkswagen, Subaru, Holden, Volvo, Lexus, MG, LDV