Summit Connect
1800 FleetLease | enquire online
Banner

Market Scan – Issue 18 | November 2024

VFACTS – OCTOBER 2024

Australia’s automotive market saw a strong performance in 2024, with new vehicle sales surpassing one million units by October.

Read more

HOW MUCH DOES IT COST TO RUN AN EV VERSUS A PETROL CAR?

Some people would have you believe that running an EV is both worse for the environment and costs more because EV owners need electrons to charge an EV rather than molecules to refill a petrol or diesel vehicle. 

Read more

NEW VEHICLE SALES REACH ONE MILLION IN 2024

Australia recorded 98,375 new vehicle sales in October 2024 taking sales beyond one million for the year to date but also showing that growth is easing in the last quarter.

Read more

TRAFFIC OFFENDERS FALL THROUGH GAPS DESPITE BEING CAUGHT ON CAMERA

A new report from the Victorian Government suggests some mobile phone and seatbelt infringements shouldn’t have been issued, while others were let off without due process.

Read more

HARDCORE FORD RANGER SUPER DUTY LOCKED-IN FOR 2026

Ford Ranger Super Duty with massive 4500kg GVM set for 2026 launch, putting 1500-class utes and light-duty trucks on notice.

Read more

FIRST ELECTRIC PRIME MOVER FROM MERCEDES-BENZ

In this test drive, Tim Giles goes for a whirl in the first electric prime mover from Mercedes-Benz to be released in Australia.

Read more

MELBOURNE BRACES FOR MAJOR TRAFFIC DELAYS AROUND CHRISTMAS AND NEW YEAR AS M80 RING ROAD UPGRADES CONTINUE

Major disruptions and increased traffic congestion are expected in Melbourne as a major freeway closure is announced ahead of Christmas.

Read more

BEEFY NEW GWM UTE APPROVED FOR SALE

GWM has cleared the way for a beefed up version of its dual-cab ute.

Read more

EXPLORING THE FINANCIAL BENEFITS OF THE FBT EXEMPTION AND NOVATED LEASING FOR EVS

At the opening day of the Sydney International EV Autoshow, Andy Larmour, Principal Director at KPMG, presented a compelling breakdown of the tax benefits and financial incentives associated with electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs).

Read more

NEW SOLID-STATE EV BATTERY TO BEGIN PRODUCTION IN 2025

Solid-state EV batteries are expected to change the game for electric vehicles and manufacturers are racing to bring this technology to the market. Recently, Honda opened its new demonstration production line for solid-state batteries in Japan.

Read more

THE 10 CHEAPEST SUVS WITH 3.5-TONNE TOWING IN AUSTRALIA

Need an SUV that can tow the full 3500kg? Here are the 10 cheapest candidates currently on sale in Australia.

Read more

POPULAR CAR HIT WITH THREE-STAR SAFETY RATING 

The Australasian New Car Assessment Program (ANCAP) has handed down a three-star safety rating to the Hyundai i30 sedan range.

Read more

FORGET V8 SEDANS, CHRYSLER’S FUTURE IS AN ELECTRIC VOLKSWAGEN ID. BUZZ RIVAL

With its V6 and V8-powered 300 sedan dying, Chrysler will have only a people mover – but it’ll soon be joined by an electric people mover.

Read more

MAHINDRA REVEALS TWO ELECTRIC SUVS, BOTH LIKELY FOR AUSTRALIA

Two new electric SUVs rated for more than 500km of driving range have launched Mahindra’s new ‘Electric Origin’ sub-brand, with Australian arrival timing to be confirmed

Read more

THE NEW OEMS TARGETING FLEETS

Company car choice lists could look very different in a few years’ time if Chinese and Far East car makers maintain their sales success.

Read more

V8 SUPERCARS PARADISE: MORE FANS FLOCK TO THE GOLD COAST THAN BATHURST

The race under the sun for a surfboard pushed Bathurst back to the third step on the podium for the most-attended V8 Supercars races in 2024.

Read more

ISUZU UTE CRACKS 350,000 SALES RECORD

Cumulative D-Max and MU-X sales see Isuzu Ute set a record Down Under.

Read more

AUSTRALIAN BETADINE-INSPIRED BATTERY BREAKTHROUGH COULD ADD 1000KM TO EV RANGE

The household antiseptic ointment used for decades in Australia to slather on scraped knees has inspired a lithium battery chemistry breakthrough that could power electric aircraft of the future and deliver an extra 1000 kilometres on a single electric vehicle charge.

Read more