Inventory levels, interest rates, diminishing demand and inflation have all made Q3 2024 a tough quarter for dealers.
There are few manufacturers or franchises who are not experiencing the impact of a supply push market. We are seeing the return to pre-pandemic levels of discounting, incentives and subvented finance.
Pitcher Partners’ Australian Market Vehicle Facts (VFACTS) analysis reporting for September 2024 is now available!
Our in-depth analysis, supported by industry experience and dealer relationships, provides valuable insights into the latest vehicle sales trends.
Key highlights include:
- A 10.4% decline in monthly figures compared to last year, with significant drops in the Passenger segment.
- Ford maintains a narrow lead over Mazda, while Kia outperforms Hyundai.
- Mitsubishi shows strong growth, but Tesla faces a steep decline.
- Dealer performance is under pressure, with compressed margins and a need for effective cost management strategies.
- Fleet sales are rising as private demand decreases, and hybrids are gaining popularity.
But these are only the highlights, the detail is in our report.
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