Hybrid sales skyrocket as new car market stalls

Hybrid vehicles proved to be the big winners in the latest VFACTS new car sales figures for April, continuing their hot start to 2020 amid the declining market.

With many manufacturers releasing new hybrid models as Australia’s interest in the economical technology continues to grow, hybrid sales grew by 64.1 per cent during the month of April to 2,809.

This recent rise in sales comes largely on the back of the popular Toyota RAV4 SUV hybrid model, with hybrid SUVs sales increasing by a massive 1064 per cent to 1,572, up from just 135 for the same period in 2019. The success of the hybrid model has rocketed the RAV4 to number two on the bestselling cars list and resulted in wait times of up to 10 months for delivery of the vehicle.

Toyota Australia have announced that they are in the process of securing additional stock to deal with these extended wait times, with current estimates showing a four to six month wait for delivery for customers.

The rapidly growing popularity of hybrid vehicles has also had an impact on Toyota’s other hybrid models, with just under one quarter of all Toyota sales in 2020 coming from hybrid models.

Electric and plug-in hybrids on the other hand did not fare quite as well in April, with sales for the segment falling in the tough market by 27.6 per cent to 131. This decline was still less severe than overall sales, which declined by 48.5 per cent.

Source: Caradvice | Hybrid sales went through the roof in April 2020

8 May 2020

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