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
- Weekly Market Update 1st April 2024
New Car Sales December 2020
- December 2020 saw a total figure of 95,652 new car sales for Australia as reported by VFACTS
- A total of 916,968 new car sales were achieved for 2020
- This is the third consecutive year that new car sales have shrunk in Australia
- Figures show new car sales increased by 14% in December 2020 versus December 2019 – marking only the second increase for 2020
- With COVID-19 cases being limited, it appears new car sales are returning to pre-COVID norms
- In total for 2020, the market saw 145,899 (-14%) less new car sales compared to 2019
- Victoria was the hardest hit, down 77,915 units (-26%) compared to 2019
New Car Sales Trends
The top 10 sellers for 2020 were:
- Toyota RAV4 (38,537 units, +59%)
- Ford Ranger 4X4 (37,889 units, +2%)
- Toyota Hilux 4X4 (34,766 units, -4%)
- Toyota Corolla (25,882 units, -15%)
- Mazda CX-5 (21,979 units -14%)
- Hyundai i30 (20,734 units, -27%)
- Toyota Prado (18,034 units, -2%)
- Kia Cerato (17,559 units, -19%)
- Hyundai Tucson (15,789 units, -13%)
- Mitsubishi Triton 4X4 (15,649 units, -31%)
2020 saw only a handful of segments sell higher than 2019, including:
- People Movers > $60k (+39%)
- SUV Upper Large > $100K (+32%)
- Light Buses => 20 Seats (+16%)
- Small > $40K (+11%)
- SUV Small > $40K (+13%)
Conversely, some of the largest decreases were in:
- Large < $70K (-65%)
- Light < $25K (-40%)
- People Movers < $60K (-43%)
- Large > $70K (-22%)
- Sports > $80K (-37%)
- Small < $40K (-29%)
Some other highlights:
- Small to Medium SUV’s dominated the list of vehicles that outperformed in 2020, with the Toyota RAV4, Mazda CX-30 and Kia Seltos leading the way
- Small vehicles saw the largest declines with the Mazda 3, Hyundai Accent and Hyundai i30 falling considerably
- The rental market shrunk considerably in 2020, with 39,018 less cars (-53%) selling in 2020 to rental businesses
Sales by Import Country
- Sales of imported vehicles from China skyrocketed in 2020 with an increase of 12,739 YoY
- Sales of imported vehicles from the largest manufacturing countries were down in 2020 including Thailand (-57,664), Japan (-24,474), South Korea (-26,905) and Germany (-25,608)
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 January 2021
