Vehicle sales strong in June

Investments in new fleet vehicles need to be done at the right time to ensure the business is getting the right car at the right price.

According to recently released Federal Chamber of Automotive Industries (FCAI) numbers, the current market is perfect for buyers. The total number of new passenger cars, SUVs and commercial vehicles sold was 89,867. This figure was just 0.4 per cent or 368 off the all time record for July sales set last year.

After the record sales boost in June, it was hoped that market conditions would hold, prompting a new wave of consumer confidence. Passenger vehicles, however, dipped in popularity, but SUVs are up 12.6 per cent compared to last year.

Tony Cramb, executive director of sales and marketing for Toyota, explained that growth should continue into 2015.

"New vehicle sales remain close to record levels, which is extremely encouraging for the industry's prospects in the second half of the year," he said.

"All the signs are that the economy and consumer confidence are solid with no indications of a major upswing or a downturn of any significance."

Industry leaders

Toyota holds the prize for the leading Australian brand in relation to selling numbers. The car manufacturer holds over 18 per cent of the market share, followed by Holden with 10 per cent.

For the fifth consecutive month, the Toyota Corolla was also the most popular vehicle. Around 3,800 units were sold across the country which was well more than the Mazda3 (3,421) and the Toyota Hilux (3,140).

State by state

There were mixed results across the states for car sales last month. Australian Capital Territory, New South Wales, South Australia and Victoria all showed growth compared to last year. However, the Northern Territory, Queensland, Tasmania and Western Australia experienced a decline.

It is hoped the next couple of months will provide similar buying conditions for fleet managers. This could also be the opportunity to invest in green cars that can assist with fuel consumption.