Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 25th November 2024
- Weekly Market Update 18th November 2024
- VFACTS: New Car Sales Insights October 2024
- Weekly Market Update 11th November 2024
New Car Sales October 2022
- October 2022 saw a total figure of 87,299 new car sales for Australia as reported by VFACTS
- Figures show new car sales were up +17% in October 2022 versus October 2021
- Sales between states were largely down with WA seeing a 4% decline compared to October 2021
- Electric vehicle sales continue to skyrocket in October 2022, seeing a cumulative increase of 492% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles
- Conversely, petrol vehicles continued their sales decline (-7%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2022 are:
- Kia Sportage (+9,069 units)
- Tesla Model 3 (+8,680 units)
- Mitsubishi Triton 4X4 (+7,325 units)
- Tesla Model Y (+6,452 units)
- Toyota Hilux 4X4 (+5,820 units)
The bottom 5 models with the greatest decreases so far in 2022 are:
- Toyota Corolla (-5,684 units)
- Nissan Qashqai (-5,669 units)
- Nissan X-Trail (-5,100 units)
- Mazda3 (-4,785 units)
- Kia Cerato (-4,625 units)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+89%) (driven by newly introduced Tesla sales)
- Large < $70K (+46%)
- SUV Medium > $60K (+33%)
- Light Buses => 20 Seats (+18%)
- SUV Medium < $60K (+14%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-48%)
- Large > $70K (-27%)
- Micro (-26%)
- Small < $40K (-23%)
- Medium < $60K (-22%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 31,744 compared to 2021
- Sales of imported vehicles from Korea have made a strong showing in October 2022 with an increase of 14,346 compared to 2021
- Sales of imported vehicles from Japan seeing the largest decrease of 26,538 units compared to 2021
- Sales of imported European vehicles continue to see declines
By Tanim Ahmed, Head of Product at Datium Insights
Tanim is a Macquarie University alumni with degrees in Finance and Economics. He has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk.
Please contact Datium Insights for further analytical support and advisory services.
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VFACTS: New Car Sales Insights November 2022
