Australian Automotive PC +LCV 2018 Market Review
- The Australian automotive market (PC+LCV) declined by 3.5% in 2018 to 1,112,000 units from 1,152,000 in 2017. The peak of 2016 (1,178,000 units) is unlikely to be reached for several years, as 2019 is expected to be a poor year due to the slowdown in global economic growth.
- For the first time in its history, the Australian automotive market was entirely driven by imports from abroad, as the last factories in the country closed in 2017.
- This strategy is the opposite of the one used in a country like Algeria where imports have been stopped in order to set up several automobile plants in the country. In Australia, car manufacturers have decided to leave the country to focus on imports from foreign countries.
- In this context, the Toyota group remains the leader in the Australian market in 2018, even if it no longer produces anything in the country. With its Hilux (52,000 sales) and Corolla (35,000 sales) models in the top 3, the Toyota group has a 20.8% share of the Australian market. Next come the Hyundai-Kia groups (13.8% of the market) and Renault-Nissan (13.7%). The American groups Ford and GM, formerly leaders in the Australian market, are in sixth and seventh place this year, with a combined market share that does not even reach 12%.
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