VFACTS: New Car Sales Insights July 2022

Read our monthly update on VFACTS new car sales results.

New Car Sales July 2022

  • July 2022 saw a total figure of 84,461 new car sales for Australia as reported by VFACTS
  • Figures show new car sales were almost the same in July 2022 versus July 2021
  • Sales between states were largely down with ACT seeing a 10% decline compared to July 2021
  • Electric vehicle sales continue to skyrocket in July 2022, seeing a cumulative increase of 277% 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 (-12%)

New Car Sales Trends

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

  • Kia Sportage (+5,751 units)
  • Tesla Model 3 (+4,657 units)
  • Toyota Kluger (+4,309 units)
  • Mitsubishi Triton 4X4 (+3,480 units)
  • Toyota Hilux 4X4 (+2,921 units)

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

  • Ford Ranger 4X4 (-6,012 units)
  • Nissan Qashqai (-5,205 units)
  • Toyota Landcruiser Wagon (-5,092 units)
  • Mazda3 (-4,087 units)
  • Mazda CX-3 (-4,007 units)

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

  • Large < $70K (+59%)
  • Medium > $60K (+51%) (driven by newly introduced Tesla sales)
  • Light Buses < 20 Seats (+16%)
  • PU/CC 4X2 (+13%)
  • Vans/CC <= 2.5t (+11%)

Conversely, some of the largest decreases are:

  • Large > $70K (-36%)
  • Sports < $80K (-36%)
  • Micro (-29%)
  • Small > $40K (-29%)
  • Sports > $80K (-28%)

Sales by Import Country

  • Sales of imported vehicles from China continue to skyrocket with an increase of 13,882 compared to 2021
  • Sales of imported vehicles from Korea have made a strong showing in July 2022 with an increase of 5,982 compared to 2021
  • Sales of imported vehicles from Japan seeing the largest decrease of 24,953 units compared to 2021
  • 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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