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In June, China cemented its status as Australia’s top source for car imports, surpassing Japan and expanding the lead it originally gained in February. Australia imported 46,600 vehicles from China and 27,100 from Japan, accounting for 36% and 21% of the country’s total vehicle imports, respectively, according to the latest figures from the Australian Federal Chamber of Automotive Industries.
Back in February, Chinese-made cars totaled 22,362 units, while Japanese cars reached 21,671 units. Toyota remained the most popular auto brand in Australia during June with 19,100 units sold, closely followed by BYD with 18,900 units. Additionally, exports from China included 8,600 Tesla vehicles, assembled at the company’s Shanghai plant.
More than ten Chinese automotive brands, including BYD, Xpeng, Great Wall Motor, Chery, and GAC Group, have entered the Australian market, offering over a dozen different models. Data from the China Passenger Car Association indicates that vehicle exports from China to Australia jumped 80% in May compared to the previous year, with an average export price of about $23,100 USD.
June also marked a record month for car sales in Australia. New vehicle registrations increased by 7%, reaching 131,100 units last month compared to the same period last year, according to official vehicle registration data.
Regional conflicts in the Middle East and volatility in oil prices have led consumers to prefer vehicles less dependent on fuel costs, according to Tony Weber, CEO of the FCAI. While these geopolitical factors provided a short-term boost, the fundamental driver behind the rising sales of electric vehicles is the automotive industry’s ongoing structural transformation.
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