China has overtaken Korea to be Australia’s third-biggest supply of recent automobiles over the primary two months of 2023, however there is a lengthy approach to go earlier than the 12 months is thru.
Yr-to-date supply knowledge reveals that Australians have taken the keys to 26,111 Chinese language-made new automobiles this 12 months, in comparison with 24,852 Korean-made automobiles.
The expansion in gross sales of automobiles made in China this 12 months is 106.9 % year-on-year (YoY), in comparison with 6.2 % progress for Korean imports.
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The standings imply China is now quantity three for sources of recent automobiles, behind Thailand (38,998 year-to-date, degree YoY) and Japan (48,343, down 17.6 per cent). The latter specifically has been affected by provide chain issues, primarily for Toyota.
These figures embody gross sales of varied fast-growing Chinese language manufacturers together with MG, LDV, GWM/Haval and BYD. Nevertheless it additionally contains automobiles produced in China by manufacturers based mostly elsewhere such because the Tesla Mannequin 3/Y, Polestar 2, and Volvo XC40.
Anticipate the variety of China-made automobiles to spike over the course of this 12 months. Not simply from the growth of current Chinese language manufacturers however the launch of recent ones corresponding to Ora and Tank (each a part of GWM), Chery and JAC Motor.
Following the highest 4 sources of automobiles (all in Asia) are Germany, the USA, England, Mexico, Spain and Hungary.
Sources of automobiles offered in Australia Jan-Feb 2023
Sources of automobiles offered in Australia throughout 2022 for context
