Market overview - March 2023

Used import vehicles

With 10,253 units, March this year was down 61 percent on March 2022, which was boosted by advance registrations of CCD fee-attracting vehicles, and down 47 percent YTD. There were 9,683 used import passenger vehicles, down 60 percent on March 2022. There were 570 used import commercials, down 73 percent for the reasons noted earlier.

Model and brand performance

Twelve cars, two SUVs and one MPV. Toyota Aqua defines the used import market at present, with a 15 percent share in March.

Models showing a strong increase in popularity include Toyota Prius, Corolla, Nissan Note, Mazda Demio, Nissan Serena and Toyota C-HR.

Toyota C-HR proving popular in hybrid and ICE form.

Motorcycles

There were 846 new motorcycle registrations in March, down 24 percent on March 2022, but down 13 percent YTD. There were 99 used import motorcycle registrations, down 38 percent from March 2022 and down 28 percent YTD. Overall, the combined new and used import road market was 846 unitsdown 2 percent from March 2022 and down 8 percent YTD.

Model and brand performance

Suzuki held its tradional spot as market leader for the month and YTD. Product shortages continue to impact brand fortunes.

It has been a solid start to the year by Honda, Harley Davidson, Kawasaki and Ducati.

DRIVE TECHNOLOGY MIX:

ICE 49 percent, hybrid 45 percent, EV 4 percent, PHEV 2 percent.

Hybrid: 4,609 units, including:

1,451 Aqua, 956 Prius, 295 Corolla, 195 C-HR and 164 Serena.

EV: 425 units including: 400 Leaf, 5 BYD E6H, 5 Tesla Model S and 3 Smart Fortwo.

PHEV: 218 units including: 148 Outlander, 28 Prius, 11 BMW 330e, 6 RAV4 and 5 Golf.