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Impacts of tax change felt in July car sales

Car industry says Rudd government FBT changes already making an impact.

Impacts of tax change felt in July car sales
The new Jeep Grand Cherokee was the top-selling large SUV during July.

July car sales figures data has been released and while the results on the surface look promising the federal governments FBT changes appear to be hurting confidence in the industry.

In July 90,235 new cars, SUV’s and commercial vehicles left showrooms nationally, an all time record for the month.

But the Federal Chamber of Automotive Industries (FCAI) says more new vehicles would have been sold if it weren’t for the Rudd governments controversial tax change.

FCAI chief Tony Weber says sales figures are expected to continue to slide through the rest of the year.

“Anyone looking at the July figures needs to put them in context and look at what the new-car market was doing before the FBT announcement.”

“Even though sales were at an all-time high for a July, we had good reason to expect them to be even higher given our members’ tracking of the market in the first half of the month.”

Top selling vehicles in July:

  • Toyota Corolla (3,945)
  • Mazda3 (3,464)
  • Toyota Hilux (2,971)
  • Holden Commodore (2,827)
  • Holden Cruze (2,467)

Top ten manufacturers in July:

  • Toyota (17,433)
  • Holden (10,137)
  • Mazda (8,525)
  • Hyundai (8,009)
  • Ford (6,733)
  • Mitsubishi (5,655)
  • Nissan (5,074)
  • Volkswagen (3,705)
  • Subaru (3,102)
  • Honda (2,746)

Joel Helmes

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About Joel Helmes 3756 Articles
Joel is the founder and CEO of Behind the Wheel. Joel has a background as a radio broadcaster with on-air roles at 4BC, 4KQ, 2KY, 2LT and 2UE amongst others, as well as a news editor and program director. Joel’s relationship with cars stems back to his early childhood learning to change oil and brakes with his father and uncle. This continued on into his driving years owning an assorted collection of cars.