VFACTS: New Car Sales Insights March 2022

Read our monthly update on VFACTS new car sales results.

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

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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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