Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 18th November 2024
- VFACTS: New Car Sales Insights October 2024
- Weekly Market Update 11th November 2024
- Monthly Truck & Equipment Update September 2024
New Car Sales May 2022
- May 2022 saw a total figure of 94,383 new car sales for Australia as reported by VFACTS
- Figures show new car sales were down -6% in May 2022 versus May 2021
- Sales between states were largely down with ACT seeing a 9% decline compared to May 2021 while Tasmania saw a strong 4% increase
- Electric vehicle sales continue to skyrocket in May 2022, seeing a cumulative increase of 405% 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 (-13%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2022 are:
- Tesla Model 3 (+4,469 units)
- Toyota Kluger (+2,325 units)
- Kia Sportage (+1,878 units )
- Mitsubishi Triton 4X4 (+1,781 units)
- Toyota Prado (+1,644 units)
The bottom 5 models with the greatest decreases so far in 2022 are:
- Toyota Landcruiser Wagon (-7,444 units)
- Ford Ranger 4X4 (-5,411 units)
- Nissan X-Trail (-4,943 units)
- Toyota Corolla (-4,405 units)
- Mazda CX-3 (-4,299 units)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+75%) (driven by newly introduced Tesla sales)
- Large < $70K (+58%)
- Vans/CC <= 2.5t (+34%)
- Light Buses < 20 Seats (+29%)
- PU/CC 4X2 (+14%)
Conversely, some of the largest decreases are:
- Sports < $80K (-42%)
- Large > $70K (-41%)
- SUV Upper Large < $100K (-39%)
- Small > $40K (-37%)
- Sports > $80K (-28%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 13,223 compared to 2021
- Sales of imported vehicles from Thailand have made a strong showing in May 2022 with an increase of 4,341 compared to 2021
- Sales of imported vehicles from Japan seeing the largest decrease of 18,321 units compared to 2021
- Sales of imported European vehicles continue to see declines
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.
Disclaimer: This is a general information service only and we do not provide advice or take into account your personal circumstances, financial situation or needs. Please seek professional advice with regards to how any of the material on this website can impact your own financial situation. Datium Insights is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.
VFACTS: New Car Sales Insights June 2022
