Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 22nd July 2024
- Weekly Market Update 15th July 2024
- Weekly Market Update 8th July 2024
- VFACTS: New Car Sales Insights June 2024
New Car Sales
- May 2024 saw a total figure of 111,099 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were up +5% in May 2024 versus May 2023.
- Sales between states were largely up with VIC seeing a 17% increase compared to May 2023.
- Hybrid vehicle sales skyrocketed in May 2024, seeing a cumulative increase of 132%.
- Petrol vehicles (-5%) sales decreased in May 2024.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2023 are:
- Toyota RAV4 (+10,833 units)
- Ford Ranger 4X4 (+6,053 units)
- Toyota Camry (+6,025 units)
- Toyota Corolla (+5,444 units)
- Ford Everest (+4,553 units)
The bottom 5 models with the greatest decreases so far in 2023 are:
- Hyundai i30 (-2,988 units)
- Mazda CX-9 (-2,456 units)
- Kia Rio (-2,414 units)
- MG HS (-2,403 units)
- MG MG3 (-2,190 units)
The top segment increases so far in 2023 compared to 2022 are:
- Medium < $60K (+195%)
- People Movers > $70K (+94%)
- Light > $30K (+74%)
- Sports > $200K (+48%)
- SUV Upper Large < $120K (+46%)
Conversely, some of the largest decreases are:
- Large < $70K (-92%)
- Sports < $80K (-52%)
- Upper Large > $100K (-41%)
- Light < $30K (-34%)
- People Movers < $70K (-29%)
Please note that VFACTS has made some changes to the price groupings as shown in the table below:
| VFACTS Grouping 2024 | VFACTS Grouping 2023 |
| SUV Large < $80K | SUV Large < $70K |
| SUV Large > $80K | SUV Large > $70K |
Sales by Import Country
- Sales of imported vehicles from Japan continue to skyrocket with an increase of 34,287 units compared to 2023
- Sales of imported vehicles from Thailand have made a strong showing in May 2024 with an increase of 18,106 units compared to 2023
- Sales of imported vehicles from Spain seeing the largest decrease of 3,427 units compared to 2023
- 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 2024
