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Exotic sports-car sales growth triples market average

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Exotic sports-car sales growth triples market average

Sales of the market’s most expensive and exotic sports cars are growing at more than triple the overall market average in 2016. According to monthly VFACTS figures released by the Federal Chamber of Automotive industries this week, the 'sports car over $200,000' class grew 19...

Recent Posts
August 2016 VFACTS: New vehicle sales numbers, winners and losers detailed
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August 2016 VFACTS: New vehicle sales numbers, winners and losers detailed

New vehicles sales grew by a solid 4.6 per cent in August, keeping the market on track for an all-time annual record. VFACTS figures released this morning show that 94,909 new cars, SUVs and commercial vehicles were sold last month, taking the year-to-date (YTD) figure to 784,380...


Hyundai Genesis lessons surprising for brand
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Hyundai Genesis lessons surprising for brand

Hyundai admits it has learned from and been surprised by some of the challenges and requirements it has faced in selling the Genesis model in Australia. Speaking to CarAdvice in Canberra this week, Scott Grant, Hyundai Australia’s chief operating officer said the experience with Genesis so far have been invaluable...


July 2016 VFACTS: New vehicle sales down, winners and losers detailed
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July 2016 VFACTS: New vehicle sales down, winners and losers detailed

Australian new vehicle sales went slightly backwards in July, but not enough to stop 2016 from remaining on track for an all-time annual record. According to VFACTS industry figures released this morning, 91,331 new vehicles were sold last month, which is down 1.1 per cent over July last year. Annual sales sit at 689,471, up 2.8 per cent over last year’s record...


Fiat Chrysler Australia announces new CEO, outgoing chief moves to Asia Pacific role
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Fiat Chrysler Australia announces new CEO, outgoing chief moves to Asia Pacific role

The Australian arm of Fiat Chrysler Automobiles (FCA) has announced the appointment of a new President and CEO, Steve Zanlunghi. New York-born Zanlunghi, an American/Australian dual-citizen with a life-long history here, replaces native Detroiter Pat Dougherty, who came to the role in late 2014 and now moves to lead the company's parts and service operations for the wider Asia-Pacific region...


Italdesign looking for US clients outside Volkswagen Group - report
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Italdesign looking for US clients outside Volkswagen Group - report

The boss of Italdesign, the legendary design house now owned by the Volkswagen group, has gone on record saying he would like to expand the company’s clientele beyond the European giant’s umbrella. More, he would like to extend the studio's expertise beyond the traditional automotive industry client base, eyeing the likes of Google and Apple in particular...


Small SUV sales growth slowing
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Small SUV sales growth slowing

Now that we’re beyond the half-way point of 2016, it’s possible to sit back a little and look at wider segment trends. One of the more interesting developments this year has been the moderate slowdown in growth among small SUVs — the high-riding, city-car based crossovers that have boomed in recent times. Granted, year-to-date sales are up 9...


Holden Cruze production to end October 7, ahead of new Astra debut
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Holden Cruze production to end October 7, ahead of new Astra debut

Australian production of the Holden Cruze will come to an end on Friday, October 7, the company has confirmed. Details of the plan were first made official in February this year, although the knowledge that Holden would be ending all Australian production by 2017 meant that was little doubt that the end was nearing for the Elizabeth-built small car...


Medium van sales are booming right now
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Medium van sales are booming right now

The medium-sized van segment grew faster, in percentage terms, than any other part of the new vehicle market in the first half of 2016. According to VFACTS industry data, the Vans/CC 2.5-3.5-tonne segment shot up 21.4 per cent over the same period last year, to 10,480 sales in total (giving it a little under 2 per cent of the overall new vehicle market)...


New vehicle sales at record highs: Australian market year-to-date wrap, winners and losers
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New vehicle sales at record highs: Australian market year-to-date wrap, winners and losers

We have hit the half-way point of 2016, and new vehicle sales logged in offical VFACTS data remain at record highs on the back of a booming business fleet market. Another huge month in June (belying a speculated downturn resulting from an interminable election cycle) has put half-yearly sales at 598,140 units, up 3.4 per cent...


June 2016 VFACTS: New vehicle sales, winners and losers, biggest month ever
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June 2016 VFACTS: New vehicle sales, winners and losers, biggest month ever

The interminable federal election campaign failed to put a dampener on new vehicle sales last month, with a new all-time record figure set. During June, traditionally the year’s biggest selling month, sales grew by 2.2 per cent to 128,569 to an all-time record high, with SUVs and commercials counterbalancing the 4.5 per cent reduction in passenger cars...


Five fastest-growing vehicle segments in 2016
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Five fastest-growing vehicle segments in 2016

The Australian new vehicle market is running at an all-time high five months into the 2016 calendar year, up 3.8 per cent over last year, to a tick under 470,000 units. But which vehicle segments (as classified by the Federal Chamber of Automotive Industries’ VFACTS data) are the engine room of this growth? Looking at the segments that have grown the most is intriguing for no other reason than the diversity therein...


Top-selling utes and vans: Deep-dive into Toyota HiLux, Ford Ranger and beyond
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Top-selling utes and vans: Deep-dive into Toyota HiLux, Ford Ranger and beyond

Light commercial vehicles nailed it in May, recording 10.6 per cent growth year-on-year and managing overall market share of exactly 20 per cent. That means one in every five new vehicles purchases last month was a ute, van or light bus of some variety...


May 2016 VFACTS: New vehicle sales, winners and losers
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May 2016 VFACTS: New vehicle sales, winners and losers

The Australian new vehicle market grew again in May, up 3.6 per cent year-on-year with 96,672 sales, and thereby stayed on all-time record pace. However, with private sales going backwards, it was larger-scale business and fleet sales that kept things flying. Familiar patterns remained largely that in May. Passenger car sales sank and SUVs were up across the board (nabbing 37...


Counterfeit Toyota parts destined for Australia seized in Chinese raid
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Counterfeit Toyota parts destined for Australia seized in Chinese raid

Chinese police have seized more than $1 million worth of counterfeit Toyota car parts, many of which were destined for Australia. The stock was uncovered during a police raid in Guangzhou, south-east China. The raid was based on information provided by Toyota Australia...


ANCAP to refine message around date stamps on ratings
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ANCAP to refine message around date stamps on ratings

The Australasian New Car Assessment Program (ANCAP) says the date stamps it puts on all test results to give them context are an effective solution, but concedes the messages around them could use some refining. In a bid to clarify its ratings, the independent crash test watchdog introduced the date stamp in September 2014...


CarAdvice News Desk: the weekly wrap for May 27
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CarAdvice News Desk: the weekly wrap for May 27

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson will deliver a weekly video from the CarAdvice Garage, with everything you need to know about the week in news and reviews...


Subaru Corporation: Fuji Heavy Industries renamed after 62 years
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Subaru Corporation: Fuji Heavy Industries renamed after 62 years

Fuji Heavy Industries (FHI), the parent company of Japanese car maker Subaru, will be known as Subaru Corporation from April 1, next year. Announcing the decision this week, the corporation's board of directors said that the change is part of a plan to fully integrate FHI's Industrial Products Company with the Subaru automotive business...


Nissan to buy controlling stake in Mitsubishi Motors: confirmed
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Nissan to buy controlling stake in Mitsubishi Motors: confirmed

Reports today of an anticipated tie-up between Japan's second-largest car maker Nissan and the recently scandalised Mitsubishi were confirmed at a joint conference this afternoon. As reported by Japanese broadcaster NHK early this morning, Nissan will invest 237 billion yen ($2.9 billion) to take a 34 per cent stake in Mitsubishi Motors...


April 2016 VFACTS: New vehicle sales, winners and losers
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April 2016 VFACTS: New vehicle sales, winners and losers

Australia’s new vehicle sales remained on record pace in April, with VFACTS claiming 87,571 national sales for the month, an increase of 7.2 per cent. The Hyundai i30 was the top-selling car in the market for the second month in succession thanks to strong campaign pricing, ahead of the Toyota HiLux, Ford Ranger, Toyota Corolla and Mazda 3...