In a historic turn for the Australian automotive market, the MG 4 has become the first electric vehicle to outsell Tesla in monthly sales, at least since Tesla began reporting its figures in March 2022.
Key Points:
- MG 4 sales in October 2024: 1,486 units
- Tesla Model Y sales: 1,042 units
- Tesla Model 3 sales: 422 units (64.2% drop year-on-year)
Market Trends:
- Overall EV deliveries up 5.9% compared to October 2023
- Total new vehicle market down 6.4% year-on-year
- Petrol vehicle sales down 12.3%
- Diesel vehicle sales down 19.5%
Year-to-Date EV Sales Rankings:
- Tesla Model Y: 17,739 units
- Tesla Model 3: 14,475 units
- BYD Seal: 5,621 units
- MG 4: 5,258 units
- BYD Atto 3: 5,256 units
Factors Contributing to MG 4's Success:
- Recent price cuts of over $10,000 on base variant
- Currently Australia's cheapest EV at $32,990 drive-away (until January 31, 2025)
Tesla's Performance:
- Seventh straight month of sales decline
- Model 3 sales dropped significantly but still ahead of BYD models
The MG 4's rise to the top of monthly EV sales charts signifies a shifting landscape in Australia's electric vehicle market. While Tesla still dominates year-to-date figures, this development suggests increasing competition and diversification in the EV sector, potentially driven by aggressive pricing strategies.
