Auto & Parts: CY23 YTD - big June deliveries close out a varied half

About the author:

Author name:

By Scott Murdoch

Job title:

Senior Analyst

Date posted:

10 July 2023, 7:30 AM

Sectors Covered:

Diversified Financials, Professional Services

• Jun-23 new vehicle sales (deliveries) were ~124.9k, +25% on the pcp.
• YTD (6 months) total deliveries of 581.7k are up 8.2% on the pcp. The CY23 run-rate of 1.16m vehicle deliveries is on track to beat the CY22 level of 1.08m.
• High variance across Original Equipment Manufacturer (OEM) deliveries continues, reflecting specific production and supply chain/port issues. YTD total deliveries are +8.2%; total ex-Tesla +4.3%; top-10 OEMs ex Tesla +0.1% (noting Toyota is -24% YTD).
• Battery Electric Vehicles (BEV) were 8.8% of sales in June-23 (7.4% for the 6 months). YTD Tesla deliveries are 25.6k (4.4% of the market) and BYD deliveries are 6.2k (1.1% of the market).

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