Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 7th October 2024
- VFACTS: New Car Sales Insights September 2024
- Monthly Truck & Equipment Update August 2024
- Weekly Market Update 30th September 2024
New Car Sales
- September 2024 saw a total figure of 97,020 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were down -12% in September 2024 versus September 2023.
- Sales between states were largely up with SA seeing a 7% increase compared to September 2023.
- PHEV sales skyrocketed in September 2024, seeing a cumulative increase of 128%.
- Petrol vehicles (-11%) sales and Electric vehicles (-7%) decreased in September 2024.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2024 are:
- Toyota RAV4 (+20,844 units)
- Kia Cerato (+8,804 units)
- Ford Everest (+8,230 units)
- Toyota Camry (+6,823 units)
- Hyundai Kona (+5,874 units)
The bottom 5 models with the greatest decreases so far in 2024 are:
- Tesla Model Y (-10,941 units)
- Toyota Prado (-9,302 units)
- Hyundai i30 (-7,249 units)
- MG ZS (-6,245 units)
- Kia Rio (-4,029 units)
The top segment increases so far in 2024 compared to 2023 are:
- Medium < $60K (+110%)
- People Movers > $70K (+92%)
- Light > $30K (+48%)
- Sports > $80K (+32%)
- Vans/CC <= 2.5t (+29%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-100%)
- Large < $70K (-92%)
- Sports < $80K (-49%)
- Upper Large > $100K (-45%)
- SUV Large > $80K (-31%)
Please note that VFACTS has made some changes to the price groupings as shown in the table below:
| VFACTS Grouping 2024 | VFACTS Grouping 2023 |
| SUV Large < $80K | SUV Large < $70K |
| SUV Large > $80K | SUV Large > $70K |
Sales by Import Country
- Sales of imported vehicles from Japan continue to skyrocket with an increase of 34,033 units compared to 2023
- Sales of imported vehicles from Thailand have made a strong showing in September 2024 with an increase of 20,570 units compared to 2023
- Sales of imported vehicles from China seeing the largest decrease of 11,448 units compared to 2023
- 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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