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Supply constraints continue to restrain new vehicle market

NCR FCAI

The FCAI, the peak body for Australia’s automotive industry, has released new vehicle sales figures for June 2022. A total of 99,974 vehicles were sold in June bringing the year-to-date total to 537,858, representing a decrease of 9.7% on the same month in 2021.

FCAI Chief Executive Tony Weber said the fallout from the COVID-19 pandemic continues to hamper automotive manufacturing. This, combined with the war in Ukraine and shipping issues means that the supply of new vehicles hitting Australia’s shores cannot keep up with demand.

“Globally, car makers are continuing to suffer from plant shutdowns. In Europe we have component supply heavily impacted by the conflict in Ukraine. Microprocessors continue to be in short supply and global shipping remains unpredictable. While demand for new cars remains strong in Australia, it is unlikely we will see supply chain issues resolve in the near future,” said Weber.

Sales across every state and territory were down apart from the Northern Territory where 1,115 vehicles were sold representing an increase of 16.3% on June 2021. Sales in the Australian Capital Territory fell 11.6%, New South Wales 7.5%, Queensland 13.2%, South Australia 8.6%, Tasmania 17.2%, Victoria 12.2% and Western Australia 2.2%.

Toyota led the market with a total of 22,561 vehicles sold. Kia was next with 8,480 followed by Hyundai (8,259), Mazda (6,245) and Mitsubishi (5,846).

The Toyota Hi-Lux was the highest selling model with 7,582. Hyundai’s Tucson was next with 2,840 followed by Ford’s Ranger (2,802); Toyota’s Landcruiser (2,783); and Toyota’s Corolla (2,605).

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