January 2018 New Vehicle Registrations Highest Ever
January 2018 New Vehicle Registrations Highest Month of January Ever – Again!
David Crawford, Chief Executive Officer of the Motor Industry Association says “continuing the trend for the last five years, January new vehicle registrations of 14,834 was yet again another record month of January. Registrations were up 7.3% (1011 units) on January 2017. The strength of growth in the new vehicle market ran somewhat against expectations, making it once again the strongest ever start to a new sales year.”
Passenger car and SUV registrations of 10,797 units were up 6.4% (647 units) on January 2017. Commercial vehicle registrations of 4,037 units were up 9.9% (364 units) on January 2017.
Toyota remains the overall market leader with 22% market share (3,270 units), followed by Ford with 11% (1,654 units) and Mazda with 8% market share (1,197 units).
Toyota was also the market leader for passenger and SUV registrations with nearly a quarter of the market at 23% market share (2,490 units) followed by Mazda with 9% (1,025 units) and Ford with 8% market share (846 units).
In the commercial sector, Ford was again the market leader with 20% (808 units) followed by Toyota with 19% (780 units) and Holden with 10% market share (385 units).
The Toyota Corolla begins 2018 back at the top of the bestselling vehicle model table with 958 units. The Ford Ranger was the second bestselling model for the month of January with 713 units followed by the Toyota Hilux with 636 units. The Toyota Corolla was the top selling rental model for the Month of January with 696 units.
The SUV medium segment accounted for 16% of the market, followed by the small passenger segment with 14% and the SUV compact with 13% market share.
“As 2018 gets underway, nothing has changed with the economic environment that existed for most of the last 24 months. The key drivers of new vehicle sales remain the continued elevated levels of net immigration, low costs of debt, a strong national economy and a stable government.” said Mr Crawford.