Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 15th April 2024
- Weekly Market Update 8th April 2024
- VFACTS: New Car Sales Insights March 2024
- Monthly Truck & Equipment Update February 2024
New Car Sales March 2022
- March 2022 saw a total figure of 101,233 new car sales for Australia as reported by VFACTS
- Figures show new car sales were up 1% in March 2022 versus March 2021
- Sales between states were mixed with QLD seeing a 2% decline compared to March 2021 while Tasmania saw a strong 8% increase
- Electric vehicle sales continue to skyrocket in March 2022, seeing a cumulative increase of 597% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles
- 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:
- Tesla Model 3 (+4,417 units)
- Mitsubishi Triton 4X4 (+4,005 units)
- Toyota Prado (+3,597 units)
- Mazda CX-30 (+2,023 units)
- Kia Sportage (+1,730 units )
The bottom 5 models with the greatest decreases so far in 2022 are:
- Toyota Landcruiser Wagon (-2,883 units)
- Nissan Qashqai (-2,750 units)
- Nissan X-Trail (-2,649 units)
- Toyota Corolla (-2,344 units)
- LDV T60 4X4 (-1,701)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+121%) (driven by newly introduced Tesla sales)
- Light Buses < 20 Seats (+45%)
- Vans/CC <= 2.5t (+28%)
- Medium < $60K(+21%)
- Large < $70K (+19%)
Conversely, some of the largest decreases are:
- Small > $40K (-42%)
- Large > $70K (-42%)
- SUV Upper Large < $100K (-35%)
- SUV Upper Large > $100K (-34%)
- Sports < $80K (-30%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 8,885 compared to 2021
- Sales of imported vehicles from Thailand have made a strong showing in March 2022 with an increase of 6,886 compared to 2021
- Sales of imported vehicles European continue to see declines with England seeing the largest decline so far, down 3,803 units
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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VFACTS: New Car Sales Insights April 2022
