April 2018 New Vehicle Registrations Slightly Down
April 2018 New Vehicle Registrations Slightly Down but Steady
David Crawford, Chief Executive Officer of the Motor Industry Association says “April new vehicle registrations of 10,423 vehicles were down 2% (212 units) on April 2017 reflecting a stable market. Year to date the market is marginally up by 1.4% (704 units) compared to the first four months of 2017.”
Registrations of 6,848 passenger and SUV vehicles for the month of April were down 2.1% (148 units) on April 2017 and registrations of 3,575 commercial vehicles was marginally down by 1.8% (64 units) on April 2017.”
Toyota remains the overall market leader with 13% market share (1,310 units), followed by Ford with 11% (1,115 units) and Mazda with 9% market share (893 units).
Mazda was the market leader for passenger and SUV registrations with 11% market share (760 units) followed by Toyota with 10% (712 units) and Holden with 8% market share (540 units).
In the commercial sector, Ford regained the market lead with 22% market share (803 units) followed by Toyota with 17% (598 units) and Holden with 9% market share (312 units).
Four of the top five selling models for the month of April were light commercial vehicles with the Mazda CX-5 (SUV) splitting the list in third spot. The Ford Ranger was back at the top of the bestselling vehicle model table with 745 units. This was followed by the Toyota Hilux with 457 units and the Mazda CX-5 with 317 units.
The Pick Up/Chassis Cab 4x4 segment came in as the top segment for the month of April with 15% market share. This was closely followed by the SUV Medium segment also with 15% of the market, and the SUV compact with 14% market share. The top five segments were all light commercial vehicles and SUV’s, reflecting the ongoing popularity of these vehicles.
“The market for new vehicles remains at historically high levels with registrations underpinned by a range of economic factors. Net immigration, while reducing is still elevated based on long term trends, new vehicle prices remain competitive and the economy is stable” said Mr Crawford.