Holden plummets, Mitsubishi and Honda soar, market on record pace

Australia’s new vehicle sales in March hit a record high of 106,988 units, according to company-provided figures collated by industry peak body, the Federal Chamber of Automotive Industries (FCAI).

This increase of 4.4 per cent over March 2017 took quarter-one sales to 291,538, up 1.5 per cent over last year’s record. March is always a high-volume month on the calendar.

The push for ceaseless growth within Australia’s intensely crowded and fragmented market continues unabated. Consider this: nine of the past 11 months have produced all-time record tallies.

Five states and territories recorded gains during March. The Northern Territory led the way with 12.8 per cent growth, followed by the ACT with 7.9 per cent, then Victoria (6.3), Queensland (1.8), and Western Australia (1.3). South Australia, Tasmania and NSW all recorded falls.

SUVs dominated the market, recording a 42.6 per cent share compared to 33.8 per cent share for other passenger vehicles, and 20.5 per cent for light commercials -- two of which, the Toyota HiLux and Ford Ranger, were once again the nation’s two most popular vehicles of any type.