Market Insight: 2023 marks faster sales shift

AUSTRALIA broke a new cars sales record in 2023 with more than 1.2 million units delivered, convincingly higher than the previous record of 1,189,116 units set in 2017.

 

It is an unprecedented milestone that demonstrates not only an increasing appetite for new and more efficient vehicles, but also larger vehicles, with SUV and LCV sales at an all-time high.

 

While the shifting trend towards higher-riding vehicles comes as no surprise to industry analysts, it is one that is…

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