September 30, 2023


Only Automotive

The place’s your automobile from? China overtakes Korea in 2023

2 min read

China has overtaken Korea to be Australia’s third-biggest supply of recent vehicles over the primary two months of 2023, however there’s a protracted method to go earlier than the yr is thru.

Yr-to-date supply knowledge reveals that Australians have taken the keys to 26,111 Chinese language-made new vehicles this yr, in comparison with 24,852 Korean-made vehicles.

The expansion in gross sales of vehicles made in China this yr is 106.9 per cent year-on-year (YoY), in comparison with 6.2 per cent progress for Korean imports.

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 particularly has been affected by provide chain issues, principally for Toyota.

These figures embrace gross sales of assorted 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 vehicles to spike over the course of this yr. Not simply from the growth of current Chinese language manufacturers however the launch of recent ones resembling Ora and Tank (each a part of GWM), Chery and JAC Motor.

Following the highest 4 sources of vehicles (all in Asia) are Germany, the USA, England, Mexico, Spain and Hungary.

Sources of vehicles bought in Australia Jan-Feb 2023

Nation Gross sales YTD 2023 Change
Japan 48,343 -17.6%
Thailand 38,998 0.0%
China 26,111 106.9%
Korea 24,852 6.2%
Germany 6041 27.6%
USA 5461 25.1%
England 2340 89.6%
Mexico 2164 3.2%
Spain 2160 39.9%
Hungary 1646 80.7%

Sources of vehicles bought in Australia throughout 2022 for context

Nation Gross sales 2022 Change
Japan 330,061 -5.9%
Thailand 245,608 6.5%
Korea 159,244 9.8%
China 122,845 61.1%
Germany 41,931 -2.8%
USA 37,947 8.6%
Mexico 14,293 -15.0%
Spain 12,191 8.0%
Hungary 11,371 -8.8%
South Africa 8,699 -23.7%

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