Why it matters: New vehicle sales in Australia in August were 15.4 per cent higher than the same month a year ago, with supply backlogs easing.
It marked a record for any month of August in history, with 109,966 vehicles delivered. The Toyota HiLux ute was the No.1 seller.
Electric vehicles and hybrids make up one in six of all new vehicles sold, with the Tesla Model Y the top seller in EVs.
New vehicle sales in August climbed by 15.4 per cent compared with a year ago to set a record for the month as buyers shrugged off cost-of-living pressures and supply logjams eased.
The shifting preferences of buyers towards lower emission technologies was again reinforced with the Federal Chamber of Automotive Industries saying one in six new vehicles delivered in August was either an electric vehicle or a hybrid option. Hybrids use a combination of battery power and a traditional engine powered by petrol or diesel.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
