Summit Connect
1800 FleetLease | enquire online
Banner

Market Scan – Issue 15 | August 2024

NEW VEHICLE SALES RECORDS CONTINUE IN JULY

The strength in the new vehicle market has continued with a new July record of 99,486 sales.  This result is 2.7 per cent higher than the July 2023 result which was the previous highest July on record.

Read more

AUSTRALIA’S FIRST HYDROGEN-POWERED PRIME MOVER TO HIT THE ROAD IN QUEENSLAND

Clean energy company Pure Hydrogen has registered Australia’s first hydrogen fuel cell ‘Taurus’ prime mover in Queensland, with plans to hand the keys to PepsiCo in the coming weeks. 

Read more

DAMNING FIGURES EXPOSE INFLATED EV REPAIR COSTS

Need to repair your electric vehicle but feel like it’s too expensive? A recent report shows you’re probably not alone.

Read more

PETROL PRICES LOWEST IN A YEAR: NOW IS THE TIME TO FILL UP

The price of unleaded petrol has dropped to its lowest point this year, making this an optimal time to fill the tank.

Read more

MANHEIM REPORTS SALES SPIKE ACROSS JULY

Manheim Australia posted its highest monthly wholesale auction sales result in four years for the month of July, with volume up 17 percent over the previous month and 64.5percent over the same month last year.

Read more

USED TESLA PRICES FALL BELOW $30,000 FOR FIRST TIME

In 2023, Tesla started cutting prices on its Model 3 and Model Y EVs as supply chains improved. This helped used Tesla EVs to drop below $50,000 and then below $40,000 in Australia.

Read more

MARKET INSIGHT: MADE IN CHINA

While Europe and the US work to dissuade Chinese imports, Australia’s market is running hot.

Read more

MFTBC LAUNCHES EV TRUCK BATTERY SWAPPING TRIAL

Mitsubishi Fuso Truck and Bus Corporation (MFTBC) will pioneer a trial of EV truck battery swapping on public roads in Kyoto, Japan. They will use the electric light-duty eCanter truck, equipped with swappable battery modules developed by San Francisco-based company Ample.

Read more

POPULAR FAMILY CARS HIT WITH FOUR STAR SAFETY RATING

2025 Honda CR-V and Honda ZR-V called out by ANCAP in a blow for the Toyota RAV4 Hybrid and Corolla Cross Hybrid rivals

Read more

FORD RANGER UTE, RANGER RAPTOR, AND EVEREST STOCK UPDATE: FINALLY GOOD NEWS ON AVAILABILITY

There’s good news for those looking for a new Ford Ranger Ute, Ranger Raptor Ute, or Everest Family SUV.

Read more

“JUST LIKE A NORMAL DIGGER BUT QUICKER:” BHP SWITCHES ON ITS FIRST GIANT ELECTRIC EXCAVATOR

Mining giant BHP has followed in the path of fellow iron ore major Fortescue by deploying its first electric excavator, dumping a diesel engine and replacing it with an electric motor fed by a trailing cable.

Read more

CAR NEWS, 9 AUGUST ’24: ISUZU D-MAX AND MU-X RECALLED DUE TO COMPUTER FAULT, MITSUBISHI ADDS NEW PAYLOAD VARIANTS FOR TRITON RANGE, AND MORE

Every important car news story breaking today, in one convenient read

Read more

NEW AFFORDABLE ELECTRIC CAR COMING TO SUPERCHARGE SALES? AUDI AUSTRALIA SHOWS INTEREST IN ENTRY-LEVEL Q2 E-TRON EV TO RIVAL VOLVO EX30 AND MERCEDES-BENZ EQA BY 2026

Audi is readying an electric car attack on the likes of BMW, Mercedes-Benz, Tesla and more.

Read more

PHEVS GAIN POPULARITY WITH NOVATED LEASING

A doubling of plug-in hybrid (PHEV) sales over the past year underscores the growing appetite for low emissions vehicles among Australian motorists and the effectiveness of government incentives, according to Australia’s peak body for novated leasing, NALSPA.

Read more

CHINESE EV SALES DROP AS EU TARIFFS TAKE HOLD

European imported EV sales fall up to 45 per cent as anti-China import tariff felt

Read more

BRISBANE HYDROGEN FLEET PROJECT LANDS FUNDING FROM MITSUBISHI AND SAMSUNG

Queensland-based hydrogen developer Lion Energy has announced a $10 million partnership with Mitsubishi subsidiary DGA Energy Solutions Australia and Samsung C&T Corporation to help fund a project that could provide green hydrogen to the city’s bus fleet.

Read more

THE NSW GOVERNMENT IS HELPING EVS MAKE FINANCIAL SENSE FOR YOUR BUSINESS

The NSW Government’s EV Fleets incentive helps with the purchase costs for new EVs and smart chargers, making your transition to a more sustainable fleet easier.

Read more