Page 8 - Australasian Paint & Panel magazine September-October 2022

NEWS
8
10 UNERKOV EXITS MTA SA • 12 CLOUDY FT22 REPORT FOR SUNCORP
PAINT&PANEL SEPTEMBER / OCTOBER 2022
WWW.PAINTANDPANEL.COM.AU
HIGHEST SALES FOR BEVS
HE AUGUST VFACTS PUB-
lished by the Federal Cham-
ber of Automotive Industries (FCAI) show significant growth in battery electric vehi- cles (BEVs) and a spike in car sales overall. vehicle sales figures for August
2022.
There was a 17.3 per cent sales in-
crease on the same month in 2021. FCAI chief executive Tony Weber said this positive result was encouraging amidst the global economic recovery
from the Covid-19 pandemic.
“The August VFacts sales are the best
August result since 2017. This gives hope that the supply of vehicles to the Australian market is beginning to show signs of improvement,” Weber said.
“We have seen strong sales of battery electric vehicles in August, with Tesla alone selling 3,397 vehicles. In the month, EV sales were 4.4 per cent of the total market. This is the highest market share for pure battery electric vehicles ever recorded in a single month in Aus- tralia. Year-to-date EV sales are 2 per cent of the total market, hybrids are 7.6 per cent and plug in hybrid vehicles are 0.6 per cent. Combined electrified vehi- cles are now just over 10 per cent of total sales in 2022,” Weber said.
T
Tesla alone sold 3,397 vehicles in August.
IAG BACK IN PROFIT
in the NRMA Insurance business grew as we rolled out the brand in Western Australia and South Australia and brought customers over from our inter- mediated brands."
He also said: "While it is early days, we’re pleased with the progress against our aim to deliver $400 million of value through claims and supply chain effec-
tiveness. We launched the Online Mo- tor Claims tracker in May, which now has more than 170,000 customer interactions. Our on- line digital claims lodgements have increased, and the ben- efits are starting to flow through from our motor repair
model program. [Repairhub]
IAG HAS RELEASED ITS FY22 RESULTS
which show a net profit of $347 million and gross written premium (GWP) growth of 5.7%.
The net profit of $347 million is a huge step up from last year's $427 million loss.
“Our FY22 financial results reflect the quality of our underlying business as we build a stronger and more resil- ient IAG. We had strong GWP growth, and the performance of our business was steady despite the challenging ex- ternal environment," stated CEO Nick
Hawkins in the financial report.
The insurance giant has seen strong growth in New Zealand. "Our New Zea- land business performed well with 7.0% NZ currency GWP growth (FY21: 2.8%)
reflecting growth across its commer- cial insurance and direct brands with a volume increase in commercial motor."
Commenting on the launch
of the brand in WA and SA
he said: "We are on track to deliver against our strategic priorities. Our customer numbers