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
- December 2022 saw a total figure of 87,920 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were up +12% in December 2022 versus December 2021.
- Sales between states were largely up with VIC seeing a 5% increase compared to December 2021.
- Electric vehicle sales continue to skyrocket in December 2022, seeing a cumulative increase of 549% 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 (-5%).
New Car Sales Trends
The top 5 models with the greatest increases so far in 2022 are:
- Tesla Model 3 (+10,877 units)
- Kia Sportage (+10,843 units)
- Tesla Model Y (+8,717 units)
- Toyota Hilux 4X4 (+7,742 units)
- Mitsubishi Triton 4X4 (+7,620 units)
The bottom 5 models with the greatest decreases so far in 2022 are:
- Nissan X-Trail (-5,917 units)
- Kia Cerato (-5,760 units)
- Nissan Qashqai (-5,208 units)
- LDV T60 4X4 (-4,607 units)
- Mazda3 (-4,487 units)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+95%) (driven by newly introduced Tesla sales)
- Large < $70K (+48%)
- SUV Medium > $60K (+35%)
- Light Buses => 20 Seats (+25%)
- SUV Medium < $60K (+17%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-54%)
- Micro (-33%)
- Large > $70K (-29%)
- Medium < $60K (-25%)
- Sports > $80K (-23%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 46,583 compared to 2021
- Sales of imported vehicles from Thailand have made a strong showing in December 2022 with an increase of 15,102 compared to 2021
- Sales of imported vehicles from Japan seeing the largest decrease of 20,873 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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