Read our monthly update on VFACTS new car sales results.
- VFACTS: New Car Sales Insights November 2024
- Monthly Truck & Equipment Update October 2024
- Weekly Market Update 2nd December 2024
- Weekly Market Update 25th November 2024
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 2024 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 2024 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 2024 compared to 2023 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 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 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
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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