Toyota Australia predicts the Australian new-car market will contract in 2024 as it returns to “pre-COVID normal” – but the Japanese brand expects to sell more cars than it did last year.

Toyota Australia vice president for sales, marketing and franchise operations Sean Hanley said the brand anticipates the automotive industry will deliver around 1.05 to 1.1 million vehicles this year, down from the record-breaking 1.2 million cars sold in 2023.

“That’s down on…