Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 22nd April 2024
- Weekly Market Update 15th April 2024
- Weekly Market Update 8th April 2024
- VFACTS: New Car Sales Insights March 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.
Disclaimer: This is a general information service only and we do not provide advice or take into account your personal circumstances, financial situation or needs. Please seek professional advice with regards to how any of the material on this website can impact your own financial situation. Datium Insights is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.
VFACTS: New Car Sales Insights September 2022
