Australian motorists bought 96,859 new vehicles in July, beating the previous July record of 92,754 that was set in 2017.
The Federal Chamber of Automotive Industries (FCAI) also reported that 14.7% more new vehicles were sold in July than the same time last year, with every state and territory reporting increases.
FCAI chief executive Tony Weber said part of the reason for the strong sales result was the reduction of supply bottlenecks, allowing more supply to come to market.
“During the past 12 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,” he 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 five most popular marques in July were Toyota (19.8% of all sales), Mazda (8.6%), Ford (7.3%), Hyundai (6.7%) and Kia (6.3%).
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