VFACTS March 2020: Market slumps 18 per cent

Official VFACTS new-vehicle sales figures released today by the Federal Chamber of Automotive Industries (FCAI) show the Australian market was down 17.9 per cent in March.

With the COVID-19 Coronavirus pandemic impacting consumers and businesses from mid-month, the new-car market is now 13.1 per cent down compared to the first quarter of 2019 and the industry is bracing for more pain in April.

Significant sales declines were posted by most brands last month. However, there were brands that lifted their sales in March, including market leader Toyota (+1.6%), Holden (+30.2%), Kia (+6.6%) and Subaru (+0.2%), plus low-volume brands such as Haval (+131.5%), MG (+75.5%) and Great Wall (+67.7%).