Read our monthly update on VFACTS new car sales results.
- Monthly Truck & Equipment Update September 2024
- Weekly Market Update 4th November 2024
- Weekly Market Update 28th October 2024
- Weekly Market Update 21st October 2024
New Car Sales
- April 2023 saw a total figure of 82,137 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were up +1% in April 2023 versus April 2022.
- Sales between states were largely up with ACT and WA seeing a 7% increase compared to April 2022.
- Electric vehicle sales continue to skyrocket in April 2023, seeing a cumulative increase of 214% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles.
- Hybrid vehicles (-19%) and Diesel vehicles (-9%) sales decreased in April 2023.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2023 are:
- Tesla Model Y (+5,264 units)
- Tesla Model 3 (+4,350 units)
- Hyundai Tucson (+3,367 units)
- BYD Atto 3 (+3,216 units)
- Ford Ranger 4X4 (+2,775 units)
The bottom 5 models with the greatest decreases so far in 2023 are:
- Mitsubishi Triton 4X4 (-7,260 units)
- Toyota RAV4 (-5,813 units)
- Toyota Prado (-5,223 units)
- Toyota Corolla (-3,122 units)
- Mazda CX-5 (-3,002 units)
The top segment increases so far in 2023 compared to 2022 are:
- Small > $40K (+144%)
- Light Buses => 20 Seats (+78%)
- Medium > $60K (+62%)
- Sports <$80K (+55%)
- SUV Medium > $60K (+44%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-100%)
- Vans/CC <= 2.5t (-61%)
- Light Buses < 20 Seats (-45%)
- Medium < $60K (-38%)
- Small <$40K (-34%)
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 22,217 units compared to 2022
- Sales of imported vehicles from Germany have made a strong showing in April 2023 with an increase of 3,472 units compared to 2022
- Sales of imported vehicles from Japan seeing the largest decrease of 19,387 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.
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