Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 29th April 2024
- Weekly Market Update 22nd April 2024
- Weekly Market Update 15th April 2024
- Weekly Market Update 8th April 2024
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.
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 2023
