PLS 1.07% $3.71 pilbara minerals limited

"And what were the 3 biggest selling vehicles in Australia last...

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    "And what were the 3 biggest selling vehicles in Australia last year?
    Utes.Ranger, Hilux, D-Max"

    Strewth. Another one that is unable to comprehend the meaning of the numbers he reads - just like his tricky mate.

    OK - here are the top 10 selling car models in 2023 (from https://www.racv.com.au/royalauto/transport/cars/australian-new-car-sales-2023.html)

    Ford Ranger – 63,356
    Toyota Hilux – 61,111
    Isuzu Ute D-Max – 31,202
    Toyota RAV4 – 29,627
    MG ZS – 29,258
    Tesla Model Y – 28,769
    Toyota Landcruiser – 26,449
    Mitsubishi Outlander – 24,263
    Mazda CX-5 – 23,083
    Hyundai Tucson – 21,224

    Quote from same place: "2023 was the best ever year for vehicle sales in Australia, with a total of 1,216,780 vehicles"

    The 10 listed above add up to 338,342.

    I am not going to the trouble of finding the others, but I bet there are very few utes in the remaining 878,438.

    I guess an interesting question is why are the most popular models utes? I would guess that because there is a much smaller range of utes to choose from, whereas sedans, sportscars, etc have a huge number of models.

    However that is irrelevant - and whether utes are electrified or not is not all that significant.

    By the way - apart from USA and Australia, the penetration of utes in most of the rest of the world is much lower. So, on a global scale utes are not that significant.

    Also, I wonder if you missed this from the article you quoted:
    "Let’s face facts, the future of motoring is electric – or at the very least, hybrids, plug-in hybrids, and full-electric models will be much more commonplace over the next decade."

    So, as O.C. might say - run along and play counting marbles.
 
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