Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 15th April 2024
- Weekly Market Update 8th April 2024
- Weekly Market Update 1st April 2024
- Weekly Market Update 25th March 2024
New Car Sales May 2021
- May 2021 saw a total figure of 100,809 new car sales for Australia as reported by VFACTS
- Figures show new car sales increased by 68% in May 2021 versus May 2020, noting that May last year was in a severe downturn
- With COVID-19 cases being limited, it appears new car sales are returning to pre-COVID norms
- All states saw strong increases in May 2021 compared to May 2020 with Northern Territory (+58%) and Western Australia (+51%) leading the way
- Victoria is still performing weaker, up 26,595 units (+29%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2021 are:
- MG ZS (+5,698 units)
- Ford Ranger 4X4 (+5,383 units)
- Toyota Hilux 4X4 (+5,217 units)
- Toyota Landcruiser Wagon (+5,098 units)
- Toyota RAV4 (+4,946 units)
The bottom 5 models with the greatest decreases so far in 2021 are:
- Volkswagen Golf (-4,128 units)
- Toyota Kluger (-2,822 units)
- Mercedes-Benz GLC-Class (-1,688 units)
- Honda Civic (-1,625 units)
- Mercedes-Benz GLE-Class (-1,188 units)
The top segment increases so far in 2021 compared to 2020 are:
- SUV Light (+148%)
- Micro (+112%)
- Large > $70K (+102%)
- SUV Upper Large < $100K (+86%)
- Vans/CC 2.5-3.5t (+85%)
Conversely, some of the largest decreases are:
- Light Buses => 20 Seats (-38%)
- Upper Large < $100K (-31%)
- Vans/CC <= 2.5t (-15%)
- Upper Large > $100K (-12%)
- Large < $70K (-12%)
Some other highlights so far:
- Toyota continues to dominate sales increases with 4 of the top 10 increases in 2021 being Toyota models
- Chinese brand MG is making headwinds, with its ZS and MG3 models seeing substantial increase in 2021
- Passenger vehicles continue to see the slowest recovery in sales in 2021 (+11%), particularly in small (-3%) and medium (+7%) segments
- The rental market has finally seen strong growth, up 10,804 units (+69%) compared to 2020
- Private sales (+52%) now make up more than 50% of all sales in the market due to dealers gaining higher margins on these types of sales
Sales by Import Country
- Sales of imported vehicles from Japan continue to rebound significantly in 2021, seeing an increase of 55,669 units compared to 2020
- Sales of imported vehicles from China continue to skyrocket in 2021 with an increase of 19,404 compared to 2020
- Sales of imported vehicles from Germany and USA saw the largest declines so far, with Germany down 5,264 units and USA down 2,577. These countries have been hit by production issues due to COVID outbreaks.
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 June 2021
