Australians continue to buy new vehicles in record numbers, according to the latest data from the Federal Chamber of Automotive Industries (FCAI).
A total of 106,809 new vehicles were sold in October, marking the fifth time in six months that a record for that particular month was set.
Every state and territory recorded higher sales in October than the year before:
The strong October result took 2023 sales above 1 million – the first time this milestone had been reached by October.
FCAI Chief Executive Tony Weber said there was strong demand for a wide array of vehicles across various price brackets.
“After some challenging years through COVID, this milestone speaks to the range of vehicles available to consumers, affirming Australia's position as one of the world's most dynamic and competitive markets. It also reflects vastly improved supply chains,” he said.
Broker v dealer finance
If you want to buy a new vehicle, doing your research before taking out finance could save you thousands.
Car dealers often work with one lender, however I work with a diverse range of lenders, which means I can really compare the market on your behalf.
We're here to help. Contact us | Call 1300 33 00 30
Lilem Pty Ltd (t/as Logan Home Loans) ACN 648695505 is authorised under LMG Broker Services Pty Ltd Australian Credit Licence 517192.
Privacy Policy l
Feedback & Complaints l
Terms and Conditions
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
1There may be occasions where you may be charged a fee by your broker.
2Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
3Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
4The way in which your broker will stay in touch with you will differ, however typically this will be via email. In addition you will be able to contact them for guidance as required. You are able to opt out of these communications at any stage.
**There may be occasions where you may be charged a fee by your broker.
All Rights Reserved | Logan Home Loans