During September, Tesla’s Model Y became the top-selling SUV model in Australia and ranked among the top three best-selling vehicles overall in the country, Tesmanian reported. At the same time, the Model Y became the top-selling vehicle in New Zealand.
In just over two months since the first deliveries of the China-made Model Y in Australia and New Zealand, its sales volume has quickly surpassed that of traditional fuel-based models in the local markets.
According to statistics from Australia’s Federal Chamber of Automotive Industries (FCAI), Tesla’s Model Y became the best-selling SUV model domestically in September with sales of more than 4,300 units, and it ranked as the third-best-selling car in the country’s overall car market.
Regarding the matter, Tesmanian noted that sales of the China-made Tesla Model Y in Australia set a new record in September, thanks to continuous increases in the capacity utilization rate of Tesla’s Shanghai Gigafactory. Due to the popularity of the China-made Model Y among local consumers, Tesla ranked among the top seven best-selling car brands in Australia in September, capturing a 6.5% overall car market share.
In New Zealand, Tesla’s September sales were also strong. Tesla Model Y sold more than 1,500 units in the month, becoming the best-selling car of all types domestically during the period.
Tesla also has continued to provide a more convenient experience for the public. Consumers who order and receive China-made Model 3s or Model Ys between October 8 and December 31 will enjoy an insurance subsidy of 7,000 yuan ($983) if they purchase car insurance through Tesla’s cooperative insurance institutions.
Tesla produced more than 365,000 vehicles and delivered more than 343,000 vehicles in the third quarter of this year. The firm says it has traditionally seen a spike in deliveries at the end of each quarter because of its mass-production approach for different regional markets. As production continues to increase, the challenge of ensuring logistics at reasonable costs during peak periods is growing. During the third quarter, Tesla began a transition to “more balanced volume production on a weekly basis for different regional markets,” which resulted in an increase in the number of vehicles still in transit at the end of the quarter. The cars in transit have been ordered and will be delivered to customers when they arrive at their destinations.
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In the third quarter of 2022, Tesla’s delivery speed in China has significantly improved. The Model Y rear-wheel drive version’s delivery cycle, for instance, has been shortened from 12-16 weeks to 1-4 weeks, and users who have already ordered cars and those who place new orders can enjoy accelerated delivery. According to analysis by the China Passenger Car Association, the Model Y set a monthly sales record of 62,169 units in August, ranking first in terms of overall passenger car sales.
In early September, the China Auto Dealers Chamber of Commerce and an auto estimation platform jointly released a vehicle retention rate report for August, in which the Model Y, with an ultra-high retention rate of 95.72%, ranked first, and the Model 3 ranked the second with a 93.05% retention rate.