June has historically been a contented looking floor for brand spanking new automotive sellers with the top of financual yr (EOFY) rush resulting in booming gross sales, however 2024 barely charges a point out when in comparison with years passed by.
A complete of 119,659 new automobiles had been bought in June 2024, making it probably the most fruitful month of the yr to this point. It’s been the case yearly, although, with this yr’s figures solely coming in because the sixth-best June consequence since 2014.
Excluding years closely impacted by the COVID-19 pandemic, June 2024 solely surpassed 2014 and 2019 for EOFY new automotive gross sales inside the previous decade.
Prime new automotive gross sales months since 2014:
June 2017 – 134,171June 2018 – 130,300June 2016 – 128,569June 2015 – 125,850June 2023 – 124,926June 2024 – 119,659
Against this, 2024 has produced 4 report months for brand spanking new automotive gross sales in Australia, with January, February, March and Could topping earlier benchmarks, whereas each month bar June has proven progress on 2023..
Regardless of the surging market, June 2024 additionally fell under the 120,043 new automotive gross sales common for June over the earlier decade, which incorporates the pandemic-affected outlier figures from 2020-22.
It could possibly be an indication that the brand new automotive market is slowing down, as many anticipated heading into 2024, as rising value of residing pressures mount on Australian households.
Regardless of this, the 632,412 new automobiles reported as bought in Australia is a brand new mid-year report.
Australia is on monitor for a report yr in consequence, with numbers for the primary half of the yr suggestion an annual tally in extra of 1.25 million gross sales is feasible, nicely away from the 1,216,780 bar set in 2023.
MORE: VFACTS June 2024 – Delicate end for report half-year
