Australia’s auto sales in May reached 100,809 units, 68.3pc higher from prior-year month when the country was reeling under the impacts of COVID-19 lockdowns, according to the Federal Chamber of Automotive Industries (FCAI). May 2021sales is up 8.9pc compared to May 2019, according to FCAI.
The May sales figures have instilled confidence in the market and in the national economy driven by strong pent-up demand across all segments.
FCAI did not commit to specific outlook for the year, but expects the situation to improve in the second half of the calendar year followed by extension of depreciation allowance for businesses announced in Federal Budget.
In May, Toyota emerged the top seller with 21,156 units followed by Mazda (10,554 units), Kia (7,124), Ford (6,493), and Mitsubishi (6,478).
Passenger vehicles sales was up 12pc to 20,218 units in May compared to April. SUV sales stood at 53,605, or 9pc higher than the previous month. Sales of light commercial vehicles was reported at 23,177 units, up 6pc while heavy commercial vehicle sales rose by 12pc to 3,809 units, compared to April.