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 November 2022
- November 2022 saw a total figure of 95,080 new car sales for Australia as reported by VFACTS
- Figures show new car sales were up +18% in November 2022 versus November 2021
- Sales between states were largely up with VIC seeing a 5% increase compared to November 2021
- Electric vehicle sales continue to skyrocket in November 2022, seeing a cumulative increase of 516% so far this year compared to last – although much of this is down to newly introduced sales of Tesla vehicles
- Conversely, petrol vehicles continued their sales decline (-6%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2022 are:
- Kia Sportage (+10,227 units)
- Tesla Model 3 (+9,071 units)
- Tesla Model Y (+8,257 units)
- Mitsubishi Triton 4X4 (+8,137 units)
- Toyota Hilux 4X4 (+7,230 units)
The bottom 5 models with the greatest decreases so far in 2022 are:
- Nissan X-Trail (-5,899 units)
- Nissan Qashqai (-5,446 units)
- Kia Cerato (-5,182 units)
- Mazda3 (-5,031 units)
- LDV T60 4X4 (-4,607 units)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+85%) (driven by newly introduced Tesla sales)
- Large < $70K (+48%)
- SUV Medium > $60K (+38%)
- Light Buses => 20 Seats (+23%)
- SUV Medium < $60K (+16%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-51%)
- Micro (-30%)
- Large > $70K (-27%)
- Medium < $60K (-23%)
- Small < $40K (-21%)
- Sports > $80K (-21%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 38,344 compared to 2021
- Sales of imported vehicles from Thailand have made a strong showing in November 2022 with an increase of 14,341 compared to 2021
- Sales of imported vehicles from Japan seeing the largest decrease of 21,650 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.
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VFACTS: New Car Sales Insights December 2022
