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.
This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content.
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