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Highlights
- New car sale in Australia for the month of January 2022 declined by 4.8% annually.
- Component shortage and the Covid pandemic-led supply chains woes weighed on vehicle sale last month.
- Toyota sold 15,333 vehicles sold to become the market leader in January 2022.
New car sale in Australia for the month of January 2022 declined by 4.8% annually to 75,863 despite robust consumer demand, said FCAI, Australia’s apex body for automotive industry. New car sales in January 2021 were 79,666. Component shortage and the Covid pandemic-led supply chains woes weighed on vehicle sale last month.
"The microprocessor shortage along with the pandemic’s impact on supply chains persist in 2022. This is an issue affecting markets all over the world”, said FCAI Chief Executive Tony Weber.
The FCAI Chief added that consumer interest, inquiry, and the fundamental demand for new cars in Australia are strong despite these challenges.
However, manufacturers are continuously working to address supply chain and production issues. Getting vehicles processed from some Australian ports was another major challenge for manufacturers that impacted vehicle sales. For some models, wait time extends up to 10 months as makers find it challenging to clear order backlogs.
Sales figures for major states in January 2022 against the prior corresponding period:
Source: FCAI Report
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Toyota emerged as the market leader in January 2022 with 15,333 vehicles sold followed by Mazda, which reported sale of 9,805 vehicles in the previous month. Mitsubishi occupied the third place with 6,533 vehicle sales and Kia was at fourth place with 5,520. Hyundai remained at fifth position with 5,128.
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Meanwhile, according to International Energy Agency (IEA) electric car sales more than doubled to 6.6 million in 2021, representing approximately 9% of the global car market. Recently, IEA ranked Tesla at the No. 1 position for electric car sales globally in 2021. The other four in the list include VW Group, BYD, GM, and Stellantis.
