Read our monthly update on VFACTS new car sales results.
- VFACTS: New Car Sales Insights December 2024
- Monthly Truck & Equipment Update November 2024
- Weekly Market Update 6th January 2025
- Weekly Market Update 30th December 2024
New Car Sales
- December 2024 saw a total figure of 95,895 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were down -2.7% in December 2024 versus December 2023.
- Sales between states were largely up with WA seeing a 5% increase compared to December 2023.
- PHEV sales skyrocketed in December 2024, seeing a cumulative increase of 104%.
- Electric vehicles (-14%) sales and Petrol vehicles (-10%) decreased in December 2024.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2024 are:
- Toyota RAV4 (+29,091 units)
- Ford Everest (+11,423 units)
- Kia Cerato (+9,707 units)
- Kia Sportage (+6,463 units)
- BYD Sealion 6 (+6,198 units)
The bottom 5 models with the greatest decreases so far in 2024 are:
- Tesla Model Y (-16,253 units)
- Toyota Prado (-10,908 units)
- Hyundai i30 (-7,944 units)
- Tesla Model 3 (-6,747 units)
- MG ZS (-6,629 units)
The top segment increases so far in 2024 compared to 2023 are:
- People Movers > $70K (+86%)
- Light > $30K (+64%)
- Medium < $60K (+63%)
- Sports > $80K (+33%)
- Light Buses < 20 Seats (+32%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-100%)
- Large < $70K (-91%)
- Upper Large > $100K (-45%)
- Sports < $80K (-38%)
- Medium > $60K (-36%)
Please note that VFACTS has made some changes to the price groupings as shown in the table below:
| VFACTS Grouping 2024 | VFACTS Grouping 2023 |
| SUV Large < $80K | SUV Large < $70K |
| SUV Large > $80K | SUV Large > $70K |
Sales by Import Country
- Sales of imported vehicles from Japan continue to skyrocket with an increase of 33,840 units compared to 2023
- Sales of imported vehicles from Thailand have made a strong showing in December 2024 with an increase of 7,886 units compared to 2023
- Sales of imported vehicles from China seeing the largest decrease of 17,314 units compared to 2023
- 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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