If you’re seeing more four-wheel drives (SUVs, or sports utility vehicles) on Australian roads in 2017, this chart probably explains why.
From Commsec, using data released by the ABS today, it shows annual sales of new SUVs compared to passenger vehicles over the past two decades.
For the first time on record, sales of SUVs look set to overtake passenger vehicles in Australia should the recent trend is maintained.
“In rolling annual terms, 1,180,968 new vehicles were sold over the year to July,” said Savanth Sebastian, senior economist at Commsec.
“Sales of SUVs (455,284) hit fresh record highs in annual terms, while annual sales of ‘other’ vehicles also stood at record highs of 258,450. Sales of passenger vehicles fell to a 23-year low to 467,134 in the year to July.”
In year-on-year terms, sales of SUVs grew by 8.4% in June, a result in stark contrast to passenger vehicles where sales slumped by 8.4% over the same period.
Australia, home to the big pineapple, banana and merino, looks like it’ll seen be home to the big car.
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