Stagnant sales of used petrol and diesel cars in Australia failed to stop hybrids and electric vehicles (EVs) from attracting attention in April, with significant growth across the board. for electric vehicle models on the used car market.
Last month, 183,575 used cars were sold across Australia, according to data compiled by AutoGrab and released by the Australian Automobile Dealers Association (AADA).
This represents a fall of just 0.3% on the previous month, largely due to falls of 4.3 and 0.2% in New South Wales and Victoria respectively.
The average time to sell a car increased by just 0.1 day to 44.3 days, still well below the peak the market reached late last year.
While petrol and diesel continue to dominate the new and used car market, petrol vehicle sales fell 0.8% throughout April (to 116,985 units), with diesel only increasing 0.1% equates to 49 deliveries (to a total of 57,953).
However, hybrid vehicles remained in third place with growth of 5.7% to 6725 vehicles sold, followed by electric vehicles which increased by 9.5% to 1525 vehicles sold – continuing from a strong March with an increase of 13.5%.
Although sales of plug-in hybrids are also on the rise, they still rank behind LPG cars in the used car rankings, with both powertrains proving to be of niche interest in the market. more extensive.
“There is still a significant oversupply of electric vehicles compared to other fuel types, but the imbalance between supply and demand appears to be decreasing as electric vehicle sales increase,” said James Voortman, AADA CEO. increased at the same time as the list of electric vehicles decreased.
“The average time to sell a used car has remained at 44 days over the past three months, down significantly from a 12-month high of 52 days in November, suggesting the market is stabilizing .”
In terms of used cars Australians are buying, traditional passenger vehicles such as hatchbacks, sedans and wagons still hold the largest share of the market (sales 75,140 in April, down 1.3 %), but with shrinking profit margins SUVs (sales 70,861 units, up 1.0%).
Utes continues to be the third largest seller, reflected by the fact that Ford Ranger And Toyota Hilux are the two most popular types of used cars among used buyers, with Mitsubishi Triton also entered the top 10.
Surprisingly, there are only two SUVs in the first 10 positions ( Toyota RAV4 And Mazda CX-5), while the remaining 5 vehicles are traditional passenger vehicles.
The data also shows Toyota Yaris, Kia Picanto And Honda Civic is among the three best economy passenger vehicles in terms of retained value, though Suzuki Jimny continue to dominate the general market with Toyota land cruiser ranks a solid second among SUVs.
“Retained values continue to decline across all segments, with passenger cars holding their value slightly better than SUVs and LCVs,” Mr. Voortman added.
“Given the fact that the gap between used car supply and demand is decreasing, it will be interesting to see what the impact will be on retained value and time to sale.”
The report’s figures are based on data on the number of used and showroom vehicles offered for sale across Australia at the start of the month, compared to the number of listings taken down at the end of the month.
AADA and AutoGrab provide the following definitions:
- For Sale: Extent of used and demo vehicles listed online by dealerships and private sellers nationwide at the time of reporting. AutoGrab processes and deduplicates listings to identify and eliminate repetitions, ensuring that vehicles listed on multiple platforms are counted only once.
- Sales: The total number of vehicles delisted from the online marketplace, which serves as an approximate proxy for actual sales and is recorded monthly. The number of delistings also reflects unique vehicles, as AutoGrab processes and deduplicates listings to identify and remove repetitions, ensuring that vehicles listed on multiple platforms are only counted once.
Best-selling used cars
| Model | Sales (April 2024) | Changed from March | Average days to sell |
|---|---|---|---|
| Ford Ranger | 5557 | +7.4% | 47.4 |
| Toyota Hilux | 4348 | +1.9% | 43.9 |
| Toyota Corolla | 3741 | +0.8% | 31.2 |
| Toyota Camry | 2659 | +1.4% | 37.2 |
| Mitsubishi Triton | 2534 | -0.4% | 42 |
| Hyundai i30 | 2439 | +1.2% | 30.5 |
| Toyota RAV4 | 2337 | +10.2% | 39 |
| Mazda 3 | 2317 | +1.8% | 34 |
| Mazda CX-5 | 2206 | +5.8% | 39.5 |
| Volkswagen Golf | 2177 | +12.4% | 42.8 |
Used car sales by state and territory
| State/territory | Vehicle is listed | Car has been sold |
|---|---|---|
| New South Wales | 81,667 | -2.9% |
| Victoria | 75,958 | -3.6% |
| Queensland | 58,405 | -4.4% |
| Western Australia | 29,659 | -8.2% |
| South Australia | 18,754 | +0.2% |
| Tasmania | 5221 | -3.9% |
| Australian Capital Territory | 5036 | +0.7% |
| Northern Territory | 2019 | -4.7% |
Sales by vehicle type
| Post for sale | total revenue | |
|---|---|---|
| Coach | 99,544 | 75,140 |
| SUVs | 112,875 | 70,861 |
| Utes | 54,463 | 32,368 |
| Trucks and buses | 9837 | 5.206 |
Revenue by fuel type
| Transportation | Sales (April 2024) | Changed from March |
|---|---|---|
| Petroleum | 116,985 | -0.8% |
| Diesel oil | 57,953 | +0.1% |
| Mixture | 6725 | +5.7% |
| tram | 1525 | +9.5% |
| LPG | 236 | -11.9% |
| Plug-in hybrid (PHEV) | 151 | +2.7% |
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