Toyota Corolla News

Is MG the latest headache for Tesla and Toyota? October’s electric car sales suggest the Chinese brand just might be. Tesla is out and MG is in, and it’s all thanks to price cuts that have bumped the highly regarded MG4 hatchback not only ahead of Model Y and Model 3 sales, but in front of Elon Musk’s controversial brand entirely. In October 2024, Tesla sold a total of 1464 cars, 1042 of which were Model Y and the remaining 422 Model 3s. During the same period, MG shifted a seriously impressive 1486 MG4 hatchbacks. For context, in the small-car segment that puts the MG4 only behind the Toyota Corolla (1751) and ahead of all others, including stalwarts such as the Hyundai i30, Kia Cerato (967) and Mazda3 (742). It also outsold the Toyota Camry.The MG4’s direct rivals including the GWM Ora (154) and BYD Dolphin (67) were nowhere near the MG last month. So what’s driving sales over at MG? It’s price. That’s the long and short of it. The brand is offering startlingly low entry points for its electric hatch, with the Excite 51kWh with 350km of WLTP range currently $32,990 drive-away — and that’s a national deal for MY24. Not only is that cheaper than the GWM Ora ($35,990, drive-away) and BYD Dolphin ($38,990, before on-road costs), but about $3000 less than a Toyota Corolla Ascent Sport hybrid, too.Stepping up to the Excite 64 with 450km driving range and the up-spec Essence, the brand’s offering an $8000 factory bonus, though that is restricted to MY23 models. Current versions (with minimal changes) are $44,990 and $46,990 (drive-away), respectively. Historically more popular than Ora and Dolphin anyway, the MG4 was finding between 300-400 homes a month earlier in the year. It was the dramatic price cut on September 20 that has drastically impacted sales. MG Chief Commercial Officer Giles Belcher made note of other reasons for MG4's success last month."At MG we believe we have a winning formula when it comes to buying a new car, and this includes EVs – we have award winning products, backed up by an industry leading 10-year warranty and at a price point that represents great value," said Belcher.To be fair to MG, while the Excite 51kWh was the most sold variant with 53 per cent share, that still leaves the other variants doing heavy lifting in sales terms.Price has been one of the biggest factors affecting EV popularity. Tesla is a great example, after a few mid-1000 Model Y months in April and May it slashed prices, corresponding to a huge month-on-month increase in June with 2906 Model Ys and 1777 Model 3s sold. That same month saw other marques, including Nissan, Peugeot and Ford, dramatically discount their electric cars. A near-instant increase in sales followed.If MG manages to keep such a sharp price point on the MG4 hatch while covering its operating costs, rivals like the Dolphin, Ora and other new rivals are unlikely to catch up by the end of the year. There will be a bigger challenge next year with more cut-price rivals such as the Kia EV3 and Hyundai Inster, not to mention fresh rivals such as Aion's new hatch, entering the fray.

There's a reason why some nameplates have been around for so long. Many are the pioneering vehicle's in their respective segments, still dominating sales as they did 50, 60, and in some cases, even 70 years ago.

The Toyota RAV4 was Australia’s favourite vehicle last month, overtaking the incumbent utes and notching up 5933 sales. The Ford Ranger (4915) and Toyota HiLux (4747) trailed Australia’s favourite SUV, with Toyota once again taking overall honours. Mazda managed to keep its head above Ford with both maintaining a solid gap back to fourth-placed Kia. It was another record-breaking July with 99,486 registrations recorded enough to beat last year’s result by 2.7 per cent. Year-to-date, sales are at 731,898 — up 7.9 per cent on last year’s record numbers.“This is a remarkable achievement in an economy featuring widespread cost of living pressures,” noted Federal Chamber of Automobile Industries (FCAI) head Tony Weber. “It was also interesting to note that while sales in the Business and Government segments were up 13.7 per cent and 37.5 per cent respectively, Private sales were down 4.2 per cent,” added Weber. Hybrid sales were also buoyant up 88.4 per cent on last year with plug-in hybrid sales up 128.9 per cent. The share of electric cars fell slightly to 6.6 per cent. “While the first seven months of 2024 have exceeded expectations, the industry remains cautious about the future pending the implementation of the New Vehicle Efficiency Standard coupled with the economic conditions,” cautioned Weber.Toyota is riding the popularity of hybrid vehicles keeping its head in first place with 22,705 sales last month and climbing back to an impressive 22.8 per cent market share.The battle between Ford (57,371) and Mazda (57,023) is nail-bitingly close, the former having a slower July (7749 vs 8476) but managing to hold second place year-to-date by a slim 348 car margin. Kia remains in a strong fourth followed by Mitsubishi, Hyundai, Isuzu, MG, Nissan and Subaru.As for models, the Corolla hatch and sedan had an extremely strong sales month with 2688 registrations with its sparring partner, the Hyundai i30 (663), nowhere to be seen as the company waits for the updated hatch to arrive (though with Kia Cerato sales up significantly to 1592). Then came the Isuzu D-Max ute, Ford Everest large SUV, the Mitsubishi Outlander and Mazda CX-5 mid-size SUVs and the MG ZS small SUV. The Toyota Kluger rounded out the top 10, beating the LandCruiser to the punch. Tesla’s sales were weaker in July with just 1353 Model Y and 1239 Model 3 registrations not enough to see either model climb into the overall top 10. By state and territory, the Northern Territory, South Australia, New South Wales and Western Australia all improved their positions while the Australian Capital Territory and Victoria had small sips (less than two per cent). Sales in Tasmania were down 12 per cent.

The next Toyota Corolla might be on the way with a very impressive plug-in hybrid (PHEV) driving range if overseas reports are any indication.

interested in Australia's most popular new vehicles? Here is a list ranking sales from from 1-100 between January 1 and June 30, 2024.

Toyota Motor Corporation Australia has posted a monster $342 million after-tax profit in a financial year record result for the local automotive market leader.

Following preliminary sales results announced in February, JATO dynamics has confirmed that the Tesla Model Y was the world’s best selling car in 2023. This historic statistic marks the first time an electric car has been the most popular vehicle globally. It achieved 1,223,000 sales for a huge 64 per cent improvement on 2022 to beat previous winners such as the Toyota RAV4 (1,075,000) and Honda CR-V (846,000).Although Model Y’s lead is perhaps not surprising to Oceanic, US or European readers, JATO dynamics analyst Felipe Munoz points out the astounding achievement given the Model Y’s lower demand in emerging markets. The strength of Japanese makers in general, and the RAV4 and CR-V in particular, is that they are not only popular in markets like the United States, Australia and Europe but are offered in lower cost guises that can succeed in growth markets including India (4.13 million sales), Brazil (2.12 million) and Iran (1.43 million).Following the CR-V came the Toyota Corolla sedan (803,000), Corolla Cross small SUV (715,000) and Camry sedan (650,000).The world’s most popular pick-up truck was the Ford F-150 (623,000) closely followed by the Toyota HiLux (605,000). In ninth spot was the Nissan Sentra (534,000) with the Tesla Model 3 (508,000) sneaking into the top 10. Australia’s top 10 featured the Ford Ranger, Toyota HiLux and Isuzu D-Max all ahead of the fourth-place Toyota RAV4. The Model Y took sixth spot locally trailing another Chinese-made SUV, the MG ZS. There was not a single passenger car in our top-10 – all were either SUVs or light commercial vehicles. It’s also worth noting our new-car market is forecast around 1.2 million units this year – less than the Model Y on its own globally.But Tesla may not remain at the top of the tree this year, and it will certainly become more challenging come 2025. Its Model 3 and Model Y are both due a facelift if they are to stay competitive in mature markets. Additionally, there is so much growth coming from what Jato has defined as emerging markets that the Model Y and Model 3 are not well-placed to capture. In total, these countries accounted for 22 per cent of new vehicle sales last year. The other looming threat for Tesla is China. For the first time in 2023, Chinese brands sold more cars than United States brands. The highest selling model was the BYD Qin sedan in 12th followed by the Song Plus – known as the Sealion 6 here – in 19th spot. Japan remained at the top of the tree, with 29.1 per cent of all new vehicle sales coming from the country’s marques and European brands accounting for 24.9 per cent. Top 10 best selling vehicles in the world  

Toyota is saying goodbye to its cheapest passenger variants as it abandons sales of petrol-only offerings of its smallest models.

Toyota Australia has long held a dominant grip on the Australian new-car market, having wrestled control from home-grown brands like Holden and Ford.

Cars like the Yaris and Corolla are a touch too pricey for many first car buyers to consider now - so what fills that space?