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Market Scan – Issue 08 | January 2024

VFACTS 2023: FORD RANGER KNOCKS TOYOTA HILUX
OFF TOP SALES SPOT

Ford’s Aussie-developed ute ends Toyota rival’s seven-year reign as Australia’s top-selling car

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STRIKING GOLD WITH EV BATTERY RECYCLING

As sales of electric vehicles (EVs) increase, automotive and battery companies are looking to battery recycling to address potential supply chain disruptions, price volatility, and consumers’ environmental concerns.

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TOYOTA CLAIMS TOP SPOT FOR ANOTHER YEAR

In 2023 Toyota delivered 215,240 new cars which was enough to claim top spot in the annual sales ranking. The nearest competitor was Mazda with 100,008 so there’s no challengers to the title which Toyota has held of two decades.

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HITACHI ACQUIRES LONG-TERM COLLABORATOR AND MANUFACTURER

Hitachi says its latest acquisition will strengthen its position as a leader in electric vehicle charging infrastructure

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MARKET INSIGHT: ICE SHARE ERODED

Uptick in sales of electric and hybrid vehicles erodes market share of ICE category

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CHINA OVERTAKES JAPAN AS WORLD’S LARGEST VEHICLE EXPORTER – REPORT

Booming sales globally of vehicles made in China has resulted in Japan being toppled as the world’s largest auto exporter.

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CLEANING UP TOYOTA LANDCRUISER 300 SERIES, ISUZU D-MAX AND MORE

Australia is set to make a move to shed its position as having some of the dirtiest fuel in the developed world, as well as introducing new emissions standards to force manufacturers to sell cleaner cars.

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FLEET SURVEY ON THE STATUS OF EVS PAST, PRESENT AND FUTURE

Steve Nuttall, a director at research group Fifth Quadrant, in late November 2023 presented findings from a survey of fleet managers about electric vehicle adoption in a webinar hosted by the Australasian Fleet Management Association

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CHINESE CARS BUILT IN THE UK?!

Chery has only just relaunched itself in Australia, but the ambitious Chinese brand is already eyeing a global expansion, even actually building cars in the United Kingdom to send to Australia and New Zealand.

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BYD UTE SPIED IN AUSTRALIA

BYD’s new plug-in hybrid ute has hit the road in Australia in disguise ahead of its unveiling in the coming months, and local launch late next year.

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LANDMARK CASE ON SAFETY HIGHLIGHTS CORPORATE RESPONSIBILITY

A pivotal case highlighting heavy vehicle safety has urged industry leaders and operators to take immediate action.

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QUEENSLAND OPERATOR SAYS HIS DRIVERS ‘LOVE’ NEW IVECO S-WAYS

A visit to last year’s Brisbane Truck Show gave one Queensland operator the inspiration he needed to pull the trigger on two new S-Way AS 550 prime movers.

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CHINA’S BYD FORECASTS 2023 NET PROFIT TO RISE AS MUCH AS 86.5% Y/Y

Chinese electric vehicle (EV) giant BYD said on Monday it expects net profit in 2023 to have risen by as much as 86.5% on the previous year, buoyed by strong sales and cost cuts.

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EVOLUTION OF SAFETY IN MOTORING

If you think back 10 years, what technology were you using for your business then compared to now?

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ISUZU AND HONDA BEGIN TESTING FUEL CELL HEAVY DUTY TRUCK

Both Isuzu and Honda have taken major steps in their shared quest for hydrogen-powered heavy duty trucks

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VW PARTNER BEGINS SODIUM-ION EV PRODUCTION

Volkswagen-backed JAC Yiwei launches cost-effective sodium-ion battery EV model

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ELECTRIC VEHICLES REBATES AVAILABLE FOR AUSTRALIAN BUYERS

The electric vehicle market in Australia has seen some steady growth over the past few years thanks in part to various incentives offered by State and the Federal government. In recent months, however, there has been a shift in these incentives which may impact individual consumers, businesses, and fleets alike.

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CAN A SPARE TYRE REDUCE ANXIETY?

Tyre inflation kits have replaced full size spare tyres in most new cars and feedback from several Fleet Managers suggests it a source of anxiety with drivers that regularly travel to regional areas.

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