VFACTS: New Car Sales Insights November 2022

Read our monthly update on VFACTS new car sales results.

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

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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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