VFACTS: New Car Sales Insights February 2022

Read our monthly update on VFACTS new car sales results.

New Car Sales February 2022

  • February 2022 saw a total figure of 85,340 new car sales for Australia as reported by VFACTS
  • Figures show new car sales were up 2% in February 2022 versus February 2021
  • Sales between states were mixed with NSW seeing a 3% decline compared to February 2021 while Victoria saw a strong 5% increase
  • Electric vehicle sales continue to skyrocket in February 2022, seeing a cumulative increase of 119% so far this year compared to last
  • Conversely, petrol vehicle continued their sales decline (-12%)

New Car Sales Trends

The top 5 models with the greatest increases so far in 2022 are:

  • Mitsubishi Triton 4X4 (+2,782 units)
  • Toyota Prado (+2,578 units)
  • Mazda CX-30 (+1,419 units)
  • MG ZS (+986 units)
  • Kia Sportage (+971 units )

The bottom 5 models with the greatest decreases so far in 2022 are:

  • Nissan Qashqai (-1,747 units)
  • Toyota Landcruiser Wagon (-1,483 units)
  • Toyota Corolla (-1,376 units)
  • Nissan X-Trail (-1,229 units)
  • Mitsubishi ASX (-893 units)

The top segment increases so far in 2022 compared to 2021 are:

  • Light Buses < 20 Seats (+39%)
  • Medium < $60K(+22%)
  • SUV Light (+15%)
  • Large < $70K (+13%)
  • PU/CC 4X2 (+13%)

Conversely, some of the largest decreases are:

  • Small > $40K (-50%)
  • Upper Large < $100K (-47%)
  • Large > $70K (-39%)
  • SUV Upper Large < $100K (-37%)
  • SUV Upper Large > $100K (-35%)

Sales by Import Country

  • Sales of imported vehicles from Thailand have made a strong showing in February 2022 with an increase of 4,632 compared to 2021
  • Sales of imported vehicles from China continue to skyrocket with an increase of 3,410 compared to 2021
  • Sales of imported vehicles European continue to see declines with England seeing the largest decline so far, down 2,647 units

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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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