VFACTS: New Car Sales Insights April 2024

Read our monthly update on VFACTS new car sales results.

New Car Sales

  • April 2024 saw a total figure of 97,202 new car sales for Australia as reported by VFACTS.
  • Figures show new car sales were up +18% in April 2024 versus April 2023.
  • Sales between states were largely up with VIC seeing a 20% increase compared to April 2023.
  • Hybrid vehicle sales skyrocketed in April 2024, seeing a cumulative increase of 138%.
  • Petrol vehicles (-3%) sales decreased in April 2024.

New Car Sales Trends

The top 5 models with the greatest increases so far in 2023 are:

  • Toyota RAV4 (+7,932 units)
  • Toyota Camry (+4,421 units)
  • Toyota Corolla (+4,391 units)
  • Ford Ranger 4X4 (+4,268 units)
  • Subaru Crosstrek (+3,880 units)

The bottom 5 models with the greatest decreases so far in 2023 are:

  • Tesla Model 3 (-1,954 units)
  • Mazda CX-9 (-1,889 units)
  • Kia Rio (-1,884 units)
  • MG HS (-1,864 units)
  • MG MG3 (-1,759 units)

The top segment increases so far in 2023 compared to 2022 are:

  • Medium < $60K (+194%)
  • People Movers > $70K (+103%)
  • Light > $30K (+95%)
  • Sports > $200K (+78%)
  • Vans/CC <= 2.5t (+62%)

Conversely, some of the largest decreases are:

  • Large < $70K (-91%)
  • Light Buses => 20 Seats (-53%)
  • Sports < $80K (-47%)
  • Upper Large > $100K (-41%)
  • People Movers < $70K (-37%)

Please note that VFACTS has made some changes to the price groupings as shown in the table below:

VFACTS Grouping 2024VFACTS Grouping 2023
SUV Large < $80KSUV Large < $70K
SUV Large > $80KSUV Large > $70K

Sales by Import Country

  • Sales of imported vehicles from Japan continue to skyrocket with an increase of 28,423 units compared to 2023
  • Sales of imported vehicles from China have made a strong showing in April 2024 with an increase of 13,889 units compared to 2023
  • Sales of imported vehicles from Spain seeing the largest decrease of 2,425 units compared to 2023
  • Sales of imported European vehicles continue to see declines

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Tanim Ahmed

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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