Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 29th April 2024
- Weekly Market Update 22nd April 2024
- Weekly Market Update 15th April 2024
- Weekly Market Update 8th April 2024
New Car Sales
- May 2023 saw a total figure of 105,694 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were up +12% in May 2023 versus May 2022.
- Sales between states were largely up with WA seeing a 11% increase compared to May 2022.
- Electric vehicle sales continue to skyrocket in May 2023, seeing a cumulative increase of 275% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles.
- Hybrid vehicles (-16%) and Diesel vehicles (-8%) sales decreased in May 2023.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2023 are:
- Tesla Model Y (+8,442 units)
- Tesla Model 3 (+5,636 units)
- BYD Atto 3 (+4,664 units)
- Hyundai Tucson (+3,567 units)
- Ford Ranger 4X4 (+2,987 units)
The bottom 5 models with the greatest decreases so far in 2023 are:
- Mitsubishi Triton 4X4 (-7,924 units)
- Toyota RAV4 (-7,122 units)
- Toyota Prado (-5,983 units)
- Toyota Corolla (-5,046 units)
- Kia Cerato (-3,662 units)
The top segment increases so far in 2023 compared to 2022 are:
- Small > $40K (+143%)
- Sports <$80K (+84%)
- Medium > $60K (+71%)
- SUV Medium > $60K (+65%)
- Light Buses => 20 Seats (+62%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-100%)
- Vans/CC <= 2.5t (-53%)
- Small <$40K (-34%)
- Light Buses < 20 Seats (-32%)
- Medium < $60K (-26%)
Please note that VFACTS has made some changes to the price groupings as shown in the table below:
| VFACTS Grouping 2023 | VFACTS Grouping 2022 |
| Light < $30K | Light < $25K |
| Light > $30K | Light > $25K |
| People Movers < $70K | People Movers < $60K |
| People Movers > $70K | People Movers > $60K |
| SUV Small < $45K | SUV Small < $40K |
| SUV Small > $45K | SUV Small > $40K |
| SUV Upper Large < $120K | SUV Upper Large < $100K |
| SUV Upper Large > $120K | SUV Upper Large > $100K |
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 31,966 units compared to 2022
- Sales of imported vehicles from Germany have made a strong showing in May 2023 with an increase of 4,785 units compared to 2022
- Sales of imported vehicles from Japan seeing the largest decrease of 21,896 units compared to 2022
- 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 2023
