New car sales hit the skids

After the record-breaking results of 2013, it appears new car sales in Australia are facing a downward spiral. According to the latest results from the Federal Chamber of Automotive Industries (FCAI), the new car market fell by 2.3 per cent during May compared to the same month in 2013. 

In May 2014, a total of 94,562 new passenger cars, SUVs and commercial vehicles were sold. Business purchases fell by 9.1 per cent, although government purchases rose by 5.9 per cent.

Sales of both passenger cars (down 6.3 per cent) and light commercial vehicles (down 3.6 per cent) both fell as well.

FCAI Chief Executive Tony Weber said all states and territories saw a decline in their sales, excluding New South Wales and South Australia. In these states, sales rose by 0.3 per cent and 0.1 per cent, respectively, compared to May 2013.

In Western Australia, total new car sales have dropped by 10.4 per cent compared to May last year.  

In terms of individual make and model, the Toyota Corolla saw the highest amount of sales during May 2014. There were 3,871 of these vehicles sold throughout the month. Next in line was the Toyota Hilux (3,313 sold), the Mazda3 (3,291), the Holden Commodore (2,648) and the Hyundai i30 (2,553).

Unsurprisingly, Toyota was the market leader during April as they held 18.2 per cent of the total market with 17,246 sales. Next was Holden (9.5 per cent of the market), Hyundai (8.9 per cent), Mazda (8.2 per cent) and Ford (7.3 per cent).

While new car sales might be falling, this could open up a new opportunity for used vehicle sellers. If you're looking to sell your car fast, Are You Selling can make the whole process easier and quicker by saving you the hassle of finding potential buyers yourself.