Some dealers are getting lucky it seems.... but on average it is a shocker.
There are plenty of global numbers around but here are some recent figures for Australia:
—- Market Trend in August
The Australian car market takes a big hit in August, registering the 29th consecutive month of year-on-year decline in sales. Furthermore, this is the lowest August volume of sales in 23 years, since 1997. The cause for most of this sharp decline this month is the Stage 4 lockdown in the state of Victoria in place until the 13th of September until then all the dealerships in the state will remain closed. Indeed, in August, 58.010 vehicles were registered (-30.2%), leading Year to Date figures to 551.315 (-21.6%).
Brand-wise, the leader Toyota almost matched the market decline (-25.2%), while the followers registered mixed trends. Indeed, while Kia contained the losses (-3%), Honda dropped down 52%, actually the worst Top 10 result.
AGY Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
