New Vehicle Sales by Quarter

Impressively, despite questionable consumer confidence, Q2 of 2023 was the highest selling period over the last 4 years, beating the previous high mark of just over 300,000 vehicles set in Q2 of 2021. This was driven by historic June numbers, with 124,926 vehicles (25% up YoY) – the best result since 2018 when 130,300 cars were sold.

Closing out the financial year on a high is promising for automotive dealers, suggesting that some of the supply constraints that have been faced in recent months are starting to relax, and that we should see greater supply of new vehicles through the second half of the year.

312,757 2023 sales volume in Q2

14% Year-on-Year