Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 18th November 2024
- VFACTS: New Car Sales Insights October 2024
- Weekly Market Update 11th November 2024
- Monthly Truck & Equipment Update September 2024
New Car Sales
- October 2023 saw a total figure of 107,647 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were up +23% in October 2023 versus October 2022.
- Sales between states were largely up with WA seeing a 18% increase compared to October 2022.
- Electric vehicle sales continue to skyrocket in October 2023, seeing a cumulative increase of 201% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles.
- Diesel vehicles (+1%) sales increased in October 2023.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2023 are:
- Tesla Model Y (+17,815 units)
- Ford Ranger 4X4 (+10,366 units)
- BYD Atto 3 (+9,618 units)
- MG ZS (+9,330 units)
- Subaru Crosstrek (+7,086 units)
The bottom 5 models with the greatest decreases so far in 2023 are:
- Mitsubishi Triton 4X4 (-10,414 units)
- Kia Cerato (-7,190 units)
- Subaru XV (-5,810 units)
- Suzuki Baleno (-5,559 units)
- Toyota RAV4 (-5,384 units)
The top segment increases so far in 2023 compared to 2022 are:
- Small > $40K (+135%)
- SUV Medium > $60K (+71%)
- Sports <$80K (+56%)
- SUV Large > $70K (+47%)
- Medium > $60K (+45%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-91%)
- Small < $40K (-25%)
- Large < $70K (-22%)
- Vans/CC <= 2.5t (-21%)
- People Movers >$70K (-18%)
Please note that VFACTS has made some changes to the price groupings as shown in the table below:
| VFACTS Grouping 2023 | VFACTS Grouping 2022 |
| Light < $30K | Light < $25K |
| Light > $30K | Light > $25K |
| People Movers < $70K | People Movers < $60K |
| People Movers > $70K | People Movers > $60K |
| SUV Small < $45K | SUV Small < $40K |
| SUV Small > $45K | SUV Small > $40K |
| SUV Upper Large < $120K | SUV Upper Large < $100K |
| SUV Upper Large > $120K | SUV Upper Large > $100K |
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 66,699 units compared to 2022
- Sales of imported vehicles from Germany have made a strong showing in October 2023 with an increase of 10,885 units compared to 2022
- Sales of imported vehicles from India seeing the largest decrease of 5,599 units compared to 2022
- 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.
Disclaimer: This is a general information service only and we do not provide advice or take into account your personal circumstances, financial situation or needs. Please seek professional advice with regards to how any of the material on this website can impact your own financial situation. Datium Insights is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.
VFACTS: New Car Sales Insights November 2023
