The Federal Chamber of Automotive Industries (FCAI) ‘VFACTS’ report revealed 96,859 vehicles were sold in July, the highest July result on record. 

This is an increase of 14.7% on the same month in 2022 and breaks the previous July record of 92,754 in 2017.

Chinese-built vehicles accounted for 16.4% of sold cars last month (15,853), an increase of 130.1% compared to the same time last year. 

The MG ZS nabbed third spot in July with 3,852 sales, a 213% jump from last July’s result.

The MG ZS is one of the cheapest electric vehicles on the market.

The strong performance across all states and territories is indicative of improved supply and thus the clearing of order backlogs from the pandemic days.

FCAI Chief Executive Tony Weber said the result was an indication that the market is recovering from Covid-19 plant shutdowns, microprocessor shortages, and shipping bottlenecks.

“During the past twelve months the issue has been one of securing supply for consumers, however as these pressures ease, we are starting to see a return to more stable market conditions,” Mr Weber said.

“Many of these vehicles were ordered several months ago, so it is important to monitor the broader economic conditions through 2023 and their impact on private and business demand.”

The Ford Ranger reclaimed number one spot with 5,143 sales, ahead of the favourite Toyota Hilux with 4,670.

But when comparing the year-to-date lead, the Toyota Hilux does come back out on top with 32,763 deliveries.

Across all brands, electric vehicles accounted for 7% of the July sales.

The top 10 selling vehicles in July 2023

  1. Ford Ranger - 5,143
  2. Toyota Hilux - 4,670
  3. MG ZS - 3,852
  4. Tesla Model Y - 3,330
  5. Toyota RAV4 - 2,750
  6. Toyota Corolla - 2,145
  7. Toyota Landcruiser - 2,122
  8. Isuzu Ute D-Max - 2,070
  9. Hyundai i30 - 1,865
  10. Toyota Prado - 1,836

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$585
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7.19% p.a.
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Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

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