New car sales fall off a cliff

AutoExec Summary

Car sales in Australia have declined for the 17th consecutive month, with August sales down 10% from last year. Year-to-date figures show an 8% drop compared to 2018. Despite these challenges, the Toyota HiLux remains the best-selling vehicle, while luxury brands like Ferrari and Bentley have seen significant sales increases. Kia is the only mainstream brand experiencing growth, while Mazda faced a substantial sales decline. The market remains competitive, and experts suggest it’s a good time for consumers to buy.

Brands mentioned: Toyota, Kia, Mazda, Mitsubishi, Volkswagen, Ferrari, Bentley, MG, LDV, Audi, BMW, Jaguar, Lexus, Volvo, Hyundai, Nissan, Ford, Subaru, Holden