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Clean Car Discount is gone, petrol and diesel vehicles surge to 96.2% – MIA

Motor Industry Association Chief Executive Aimee Wiley says that the January result of 12,649 units is comparable to prior year, coming in 1.3% higher than January 2023 (12,481 units) but 6.2% lower than January 2022 (13,479 units).

With the Clean Car Discount gone, it is unsurprising that Petrol and Diesel vehicle registrations surged in January 2024, comprising 96.2% of January registrations at 12,173 units.

New Vehicle Industry Key points

Top 3 overall market leaders in January 2024 are: Toyota with 20.4% market share (2,586 units), followed by Ford with 16.2% (2,047 units) and Mitsubishi with 11.7% (1,474 units).

January registrations breakdown: Light Passenger 8,120, Light Commercial 3,793 and Heavy Commercial 736.

Total Industry by motive power for the month of January: 274 BEVs (2.2% share), 202 PHEVs (1.6% share), 2,366 Hybrids (18.7% share) and 9,807 ICE vehicles (77.5% share).

The overall top 3 segments in January were SUV Medium (21.9%), followed by Pick up/Chassis Cab 4×4 (20.4%) and SUV Compact (19.3%).

Light Passenger Vehicles (including SUVs)

Registrations

Light passenger registrations of 8,120 is 12.4% (1,154 units) lower than January 2023 and 9.0% (805 units) lower than January 2022.

Light passenger segment leaders: Top 3

Toyota 1,632 units and 20.1% market share, followed by Mitsubishi 1,144 units and 14.1% market share and Kia 828 units and 10.2% market share.

Top selling light passenger models: Top 3

Toyota RAV4, 619 units followed by Mitsubishi ASX, 438 units and Mitsubishi Outlander, 431 units.

Segmentation – what consumers are buying: Top 3

SUV medium 2,771 units (21.9% share), followed by SUV compact 2,437 units (19.3% share) and SUV Large 1,311 units (10.4% share of Light Passenger).

The small to medium segments comprised 50.4% of Light passenger.

Light Passenger Motive Power Insights

Top selling models (by motive power)

Battery Electric Vehicles (BEVs):

The top 3 models in January: BYD SEAL (31 units, 12.7% share), followed by Tesla Model Y (25 units, 10.2% share) and Toyota BZ4X (23 units, 9.4 share).

Plug in Hybrid Vehicle (PHEVs):

The top 3 models in January: Porsche Cayenne (24 units, 11.9% share), followed by Mitsubishi Eclipse Cross (18 units, 8.9% share) and Volkswagen Touareg (14 units, 6.9% share).

Non-Plug in Hybrid Vehicle (HEVs):

The top 3 models in January: Toyota RAV4 (568 units, 24.0% share), followed by Toyota Highlander (297 units, 12.6% share) and Toyota Corolla Cross (242 units, 10.2% share).

Petrol/Diesel (ICE):

The top 3 models in January: Mitsubishi ASX (438 units, 10% share), followed by Mitsubishi Outlander (421 units, 10% share) and Kia Seltos (310 units, 7% share).

Light Commercial Vehicles

Registrations

January registrations of 3,793 are 53.5% higher than January 2023 (1,322 units) and 7.4% lower than January 2022 (304 units).

Segment leaders

Ford retained the market lead in January with 41.2% market share (1,563 units) followed by Toyota with 25.1% (953 units) and Mitsubishi third with 8.7% market share (330 units).

Top selling models The top three models for the month of January were the Ford Ranger (1,470 units), followed by Toyota Hilux (657 units), and Mitsubishi Triton (330 units).

Motive Power

Light Commercial BEVs: 8 units in January.

Heavy Commercial Vehicles

Registrations

January registrations of 736 are 49.9% higher than January 2023 (245 units) and 61.6% higher than January 2022 (279 units). January 2024 is the third best month and the best January result on record.

Motive Power

Heavy Commercial BEVs: 22 units in January.

 

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