VFACTS: New Car Sales Insights May 2022

Read our monthly update on VFACTS new car sales results.

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

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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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