VFACTS: New Car Sales Insights December 2023

Read our monthly update on VFACTS new car sales results.

New Car Sales

  • December 2023 saw a total figure of 98,544 new car sales for Australia as reported by VFACTS.
  • Figures show new car sales were up +12% in December 2023 versus December 2022.
  • Sales between states were largely up with WA seeing a 18% increase compared to December 2022.
  • Electric vehicle sales continue to skyrocket in December 2023, seeing a cumulative increase of 161% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles.
  • Diesel vehicles (+5%) sales increased in December 2023.

New Car Sales Trends

The top 5 models with the greatest increases so far in 2023 are:

  • Tesla Model Y (+20,052 units)
  • Ford Ranger 4X4 (+15,133 units)
  • Subaru Crosstrek (+8,991 units)
  • BYD Atto 3 (+8,929 units)
  • MG ZS (+6,792 units)

The bottom 5 models with the greatest decreases so far in 2023 are:

  • Mitsubishi Triton 4X4 (-10,221 units)
  • Subaru XV (-7,648 units)
  • Kia Cerato (-6,559 units)
  • Suzuki Baleno (-5,856 units)
  • Toyota Corolla (-5,298 units)

The top segment increases so far in 2023 compared to 2022 are:

  • Small > $40K (+160%)
  • SUV Medium > $60K (+69%)
  • SUV Large > $70K (+51%)
  • Sports <$80K (+44%)
  • Large > $70K (+41%)

Conversely, some of the largest decreases are:

  • Upper Large < $100K (-91%)
  • Large < $70K (-27%)
  • Small < $40K (-22%)
  • Light < $30K (-15%)
  • Vans/CC <= 2.5t (-12%)
  • Vans/CC 2.5-3.5t (-12%)

Please note that VFACTS has made some changes to the price groupings as shown in the table below:

VFACTS Grouping 2023VFACTS Grouping 2022
Light < $30KLight < $25K
Light > $30KLight > $25K
People Movers < $70KPeople Movers < $60K
People Movers > $70KPeople Movers > $60K
SUV Small < $45KSUV Small < $40K
SUV Small > $45KSUV Small > $40K
SUV Upper Large < $120KSUV Upper Large < $100K
SUV Upper Large > $120KSUV Upper Large > $100K

Sales by Import Country

  • Sales of imported vehicles from China continue to skyrocket with an increase of 70,588 units compared to 2022
  • Sales of imported vehicles from Thailand have made a strong showing in December 2023 with an increase of 17,645 units compared to 2022
  • Sales of imported vehicles from India seeing the largest decrease of 5,674 units compared to 2022
  • Sales of imported European vehicles continue to see declines

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Tanim Ahmed

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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