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 August 2022
- August 2022 saw a total figure of 95,256 new car sales for Australia as reported by VFACTS
- Figures show new car sales were up +17% in August 2022 versus August 2021
- Sales between states were largely down with WA seeing a 7% decline compared to August 2021
- Electric vehicle sales continue to skyrocket in August 2022, seeing a cumulative increase of 368% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles
- Conversely, petrol vehicles continued their sales decline (-10%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2022 are:
- Tesla Model 3 (+7,037 units)
- Kia Sportage (+6,348 units)
- Toyota Kluger (+5,007 units)
- Mitsubishi Triton 4X4 (+4,613 units)
- Toyota Hilux 4X4 (+3,926 units)
The bottom 5 models with the greatest decreases so far in 2022 are:
- Ford Ranger 4X4 (-5,591 units)
- Nissan Qashqai (-5,442 units)
- LDV T60 4X4 (-4,607 units)
- Toyota Landcruiser Wagon (-4,190 units)
- Mazda CX-3 (-3,993 units)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+77%) (driven by newly introduced Tesla sales)
- Large < $70K (+49%)
- Light Buses < 20 Seats (+14%)
- PU/CC 4X2 (+12%)
- SUV Medium > $60K (+11%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-37%)
- Large > $70K (-32%)
- Sports < $80K (-26%)
- Micro (-23%)
- Sports > $80K (-22%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 18,737 compared to 2021
- Sales of imported vehicles from Korea have made a strong showing in August 2022 with an increase of 9,681 compared to 2021
- Sales of imported vehicles from Japan seeing the largest decrease of 24,431 units compared to 2021
- 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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VFACTS: New Car Sales Insights September 2022
