Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 4th December 2023
- Weekly Market Update 27th November 2023
- Protected: Weekly Market Update 20th November 2023
- VFACTS: New Car Sales Insights October 2023
New Car Sales
- August 2023 saw a total figure of 109,966 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were up +15% in August 2023 versus August 2022.
- Sales between states were largely up with WA seeing a 18% increase compared to August 2022.
- Electric vehicle sales continue to skyrocket in August 2023, seeing a cumulative increase of 292% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles.
- Diesel vehicles (-3%) sales decreased in August 2023.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2023 are:
- Tesla Model Y (+18,629 units)
- Ford Ranger 4X4 (+8,821 units)
- BYD Atto 3 (+8,004 units)
- MG ZS (+7,552 units)
- Tesla Model 3 (+6,137 units)
The bottom 5 models with the greatest decreases so far in 2023 are:
- Mitsubishi Triton 4X4 (-9,059 units)
- Kia Cerato (-5,873 units)
- Toyota RAV4 (-5,702 units)
- Suzuki Baleno (-5,103 units)
- Toyota Corolla (-5,092 units)
The top segment increases so far in 2023 compared to 2022 are:
- Small > $40K (+111%)
- SUV Medium > $60K (+97%)
- Sports <$80K (+71%)
- Light Buses => 20 Seats (+53%)
- Medium > $60K (+52%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-91%)
- Vans/CC <= 2.5t (-34%)
- Small <$40K (-28%)
- Large < $70K (-18%)
- Light Buses < 20 Seats (-16%)
- People Movers >$70K (-16%)
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 60,160 units compared to 2022
- Sales of imported vehicles from Germany have made a strong showing in August 2023 with an increase of 7,905 units compared to 2022
- Sales of imported vehicles from Japan seeing the largest decrease of 7,969 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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