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Market Insight: Large luxury SUVs come off boil
Sales of luxury large SUVs hit reverse after a decade of year-on-year growth
28 Aug 2017
- After years of steady, set-your-watch-by-it sales growth averaging about 10 per cent, the luxury large-SUV market segment in Australia appears to have caught a chill, with 13 of the 14 main contenders down this year, according to official VFACTS sales data.
- By the end of July last year, combined sales of these vehicles priced above $70,000 had hit 15,294 units, but this year, the tally sits at 12,775 sales, representing a decline of 16.5 per cent so far in 2017.
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