VFACTS: New Car Sales Insights June 2024

Read our monthly update on VFACTS new car sales results.

New Car Sales

  • June 2024 saw a total figure of 119,659 new car sales for Australia as reported by VFACTS.
  • Figures show new car sales were down -4% in June 2024 versus June 2023.
  • Sales between states were largely up with VIC seeing a 11% increase compared to June 2023.
  • PHEV sales skyrocketed in June 2024, seeing a cumulative increase of 128%.
  • Petrol vehicles (-7%) sales decreased in June 2024.

New Car Sales Trends

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

  • Toyota RAV4 (+11,882 units)
  • Toyota Camry (+7,130 units)
  • Ford Ranger 4X4 (+7,000 units)
  • Toyota Corolla (+5,973 units)
  • Ford Everest (+5,667 units)

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

  • Hyundai i30 (-4,699 units)
  • Toyota Prado (-3,546 units)
  • MG HS (-3,046 units)
  • Mazda CX-9 (-3,008 units)
  • Kia Rio (-2,950 units)

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

  • Medium < $60K (+181%)
  • People Movers > $70K (+91%)
  • Light > $30K (+50%)
  • Sports > $80K (+45%)
  • Sports > $200K (+39%)

Conversely, some of the largest decreases are:

  • Large < $70K (-93%)
  • Sports < $80K (-56%)
  • Upper Large > $100K (-42%)
  • Light < $30K (-33%)
  • SUV Large > $80K (-24%)

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

VFACTS Grouping 2024VFACTS Grouping 2023
SUV Large < $80KSUV Large < $70K
SUV Large > $80KSUV Large > $70K

Sales by Import Country

  • Sales of imported vehicles from Japan continue to skyrocket with an increase of 38,777 units compared to 2023
  • Sales of imported vehicles from Thailand have made a strong showing in June 2024 with an increase of 19,513 units compared to 2023
  • Sales of imported vehicles from USA seeing the largest decrease of 5,532 units compared to 2023
  • 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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