VFACTS: New Car Sales Insights October 2021

Read our monthly update on VFACTS new car sales results.

New Car Sales October 2021

  • October 2021 saw a total figure of 74,650 new car sales for Australia as reported by VFACTS
  • Figures show new car sales were down 8% in October 2021 versus October 2020
  • NSW & ACT were down 12% & 22% compared to October 2020, likely owing to lockdowns
  • Victoria was the only state to see an increase compared to October 2020, up 6% versus October 2020 and up 33% overall YoY

New Car Sales Trends

The top 5 models with the greatest increases so far in 2021 are:

  • MG ZS (+11,516 units)
  • Isuzu Ute D-Max 4X4 (+8,855 units)
  • Ford Ranger 4X4 (+8,106 units)
  • Toyota Hilux 4X4 (+7,779 units)
  • Toyota Yaris Cross (+6,697 units)

The bottom 5 models with the greatest decreases so far in 2021 are:

  • Volkswagen Golf (-7,211 units)
  • Honda Civic (-3,174 units)
  • Mercedes-Benz GLC-Class (-2,522 units)
  • Honda CR-V (-2,396 units)
  • Audi A3 (-2,086 units)

The top segment increases so far in 2021 compared to 2020 are:

  • SUV Light (+102%)
  • Micro (+77%)
  • People Movers < $60K (+45%)
  • Vans/CC 2.5-3.5t (+41%)
  • SUV Small < $40K (+39%)

Conversely, some of the largest decreases are:

  • Large < $70K (-32%)
  • Vans/CC <= 2.5t (-28%)
  • Upper Large < $100K (-23%)
  • Light Buses => 20 Seats (-23%)
  • Small > $40K (-23%)

Some other highlights so far:

  • Toyota models have slightly loosened their grip on the market with other models from Isuzu and Mazda making some ground
  • Chinese brand MG is making headwinds, with its ZS, MG3 and HS models seeing substantial increase in 2021
  • Chinese brand GWM (formerly Great Wall) has also sold well with its 4×4 Ute moving 5,693 units so far this year
  • Passenger vehicles continue to see the slowest recovery in sales in 2021 (+5%), particularly in small (-5%), medium (-2%) and upper large segments (-11%)
  • The rental market has seen strong growth, up 21,973 units (+88%) compared to 2020
  • Private sales (+19% YoY) now make up more than 50% of all sales in the market due to dealers gaining higher margins on these types of sales

Sales by Import Country

  • Sales of imported vehicles from Japan continue to rebound significantly in 2021, seeing an increase of 42,257 units compared to 2020
  • Sales of imported vehicles from China continue to skyrocket in 2021 with an increase of 33,226 compared to 2020
  • Sales of imported vehicles from Germany saw the largest decline so far, down 15,344 units

Tanim LinkedIn
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.

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.

Leave a comment

Your email address will not be published. Required fields are marked *

Datium Insights

Subscribe to Datium Insights

Receive notifications when we release market updates and feature articles on the automotive industry