Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

In Australia auto sales in July stood at 72,505 units, representing a decline of 12.8pc from July 2019, according to Federal Chamber of Automobile Industries (FCAI).

 

Auto sales in July were lower than sales in June as a result of the challenging conditions facing the market due to COVID-19 and other factors, says FCAI. In June, 110,234 units were sold. 

 

From Jan-July, 514,920 vehicles were sold until July 31, depicting a downfall of 19.2pc from the same period the previous year. 

 

In July, Toyota sold the most cars in Australia with 15,508 units followed by Mazda at 7,806 units, Mitsubishi at 4,684 units, Hyundai 4,634 units and Kia with 4,625 units sold. Segment wise, SUVs and light commercial vehicle sales were the highest with about 70.9pc of the market sales. 

 

Downtrend in auto sales was not unexpected, said the auto body given the effects of COVID-19 on the Australia economy including auto and several other sectors. The country’s second largest market for auto, Victoria, is under extended Stage 4 restriction which will further challenge the industry in the coming months, said FCAI.

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