Australian Automotive Dealer Association (AADA)

The November edition of the Automotive Insight Report (AIR) with AutoGrab indicates an ongoing cooling demand for used cars, with sales experiencing a decline of 2.3% to 197,652 compared to last month. In contrast, used car listings continue to grow, rising by 5.4% to 335,148 in November.   This trend is anticipated to continue as the introduction of cheaper new vehicles will encourage buyers to upgrade their existing vehicles sooner, boosting the supply of used cars and influencing their price sensitivities. Across fuel types, EVs experienced the largest drop (down 8.3%), followed by PHEVs (down 7.4%) while hybrids remained relatively stable (declining by 1.7%).   Retained values of used EVs in the 5-year-old category have declined by 4.7% to 48.5% in November compared to October, which can be attributed to a combination of factors including the growth in affordable new EV options paired with their substantial price discounting. #AIR #automotiveindustrry #usedcarsales Check out the full report: https://bit.ly/41wyY9T

New car sales figures released by the Federal Chamber of Automotive Industries indicate an ongoing softening demand for new vehicles with sales declining by 11.6% to 99,091 in November compared to same month last year. Year-to-date, sales are up by 0.6% on the same period in 2023. Private buyers struggle amid rising cost of living pressures reflected by the drop in sales by 16.6% in that segment. Consumer preferences for SUVs and Light Commercial vehicles remain clear, with Ford Ranger, Toyota RAV4 and Toyota Hilux ranking as the top 3 models year-to-date. Across fuel types, Hybrid and PHEVs continue to be a favourable option as brands and consumers adapt to evolving emission standards. The AADA has assessed VFACTs Top 10 Makes & Models YTD, ranking them by volume. The AADA has also analysed new car sales figures by state for both the month of November and YTD, as well as fuel types and market segments.#newcarsales #automotiveindustry

Have you registered yet? Don’t miss out on our last Cyber Smart Dealer webinar next week!   Dealership fraud is growing, with risks arising from both cybercrime and occupational fraud, putting billions of dollars at stake worldwide.   In this webinar, Maya Sutanto and Steven Bragg from Pitcher Partners will explore the factors driving the rise in dealership fraud, using recent case studies and share lessons learned. Presenters will also share practical tips on combating fraud using low-cost tools amidst rising cost of business.   Date: Thursday 5 December 2024 Time: 11am AEDT Register: https://bit.ly/4fwUVKb #cybersecurity #automotiveindustry #drivingcybersafety

Keen to get the latest insights on new car buyer trends? Join us for the launch of CarExpert.com.au annual “Road to Purchase” research report, featuring a panel discussion with industry experts - AADA CEO James Voortman and Kirsten Riolo, Head of Publishers and Platforms at Nielsen. Speakers will explore new car buyers’ behaviour, consumer perceptions, and the industry's direction in 2025. Date: 28 November Time: 3-4 pm AEDT Register: https://bit.ly/4fXCoGQ

Mark your calendars for our last iteration of Cyber Smart Dealers webinar this December!   Dealership fraud is on the rise, coming from both external and internal sources. Cybercrime, including data breaches, ransomware, synthetic identity fraud, and the redirection of customer payments, is considered one of the greatest threats to the retail dealership industry, with billions of dollars at risk globally.    In this webinar, Maya Sutanto and Steven Bragg from Pitcher Partners will explore the factors driving the rise in dealership fraud, using recent case studies and share lessons learned from them. Presenters will also share practical tips on combating fraud using low-cost tools amidst rising cost of business.    Date: Thursday 5 December 2024 Time: 11am AEDT Register: https://bit.ly/4fwUVKb   Secure your spot by registering now!   #cybersecurity #automotiveindustry #drivingcybersafety

The October edition of Automotive Insights Report (AIR) with AutoGrab shows a decline in used car sales by 3.2% to 202,355, while listings have grown by 1% to 317,861 indicating a buyers’ market as used car supply continues to outpace demand. While petrol and diesel cars account for almost 95% of total sales, consumers are increasingly turning towards fuel efficient options with more variety and affordable options now available in the Australian market. Sales of conventional petrol and diesel vehicles have dropped by 4.5% and 2.3%, while PHEVs are still the top pick for buyers – experiencing a jump in sales by 27.1%. With the influx of a large number EVs into the market, used car sellers are struggling to move stock, reflected by the increase in the average time to sell a used EV, rising from 55 days in August to 67.3 days last month. #AIR #automotiveindustrry #usedcarsales Check out the full report: https://bit.ly/40W1jGy

New car sale figures published by the Federal Chamber of Automotive Industries show a decline in sales by 7.9% to 98,375 in October compared to the same month last year. Year to date, sales are up by 1.9% on the same period in 2023. Petrol and diesel vehicle deliveries experienced a decline of over 12% and 19% respectively, highlighting the shift in buyer preferences from conventional ICE vehicles. Hybrids, on the other hand, recorded the highest growth in October 2024 compared to same time last year, rising by 54.6% to 14,176. The AADA has assessed VFACTs Top 10 Makes & Models YTD, ranking them by volume. The AADA has also analysed new car sales figures by state for both the month of October and YTD, as well as fuel types and market segments.  #newcarsales #automotiveindustry

2025 Women at the Wheel Global Study   AADA encourages all women working in the automotive industry to participate in the Women in Automotive Global Industry Study.   The survey will assist in creating a more inclusive and equitable automotive sector with the insights being used to generate Deloitte’s Women in Automotive Report, launching in early 2025.   This initiative will provide data to better understand the unique challenges and opportunities facing women in the industry and try to help create a more inclusive environment for all.   The survey takes just 15 minutes to complete and will explore: - Perceptions of the automotive industry's future - Barriers to retention and advancement for women - Recommendations for creating a more inclusive and equitable workplace   You can access the survey via this link or by accessing the QR Code: https://lnkd.in/gCqPEKGh

The September edition of the Automotive Insight Report (AIR) with AutoGrab shows modest a 1% uptick in used car sales to 209,102, while used car listings rose by 5.2% to 314,672, continuing the trend of month-on-month increases in listings since May. The average days to sell has increased to 46.4, the highest it has been since January, suggesting that buyers are finding it difficult to sell vehicles amid the growing oversupply. Northern Territory is the only state to experience a decrease in supply (down 9.1%), while demand for used cars is a mixed bag across Australia, with some states experiencing major declines (ACT down 11.2%) and others observing moderate growth (NSW up 3.5%). #AIR #automotiveindustrry #usedcarsales Check out the full report: https://bit.ly/4dKODF6

Women & Leadership Australia (WLA) is offering scholarships to support women to access world-class leadership and workplace skill development programs. Professional development designed for you: - Balance Life & Learning: Flexible part-time delivery fits your busy schedule. - Essential Work Skills: Combine cutting-edge theory with practical application. - Targeted Growth: Choose from 4 leadership and workplace skill development courses. Partial scholarships ranging from $1,000 to $6,000 are available to support women at all levels, from entry-level to senior executives. Limited spots are available! Apply by Friday 29 November, 2024.