Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 16th December 2024
- Weekly Market Update 9th December 2024
- VFACTS: New Car Sales Insights November 2024
- Monthly Truck & Equipment Update October 2024
New Car Sales
- October 2024 saw a total figure of 98,375 new car sales for Australia as reported by VFACTS.
- Figures show new car sales were down -9% in October 2024 versus October 2023.
- Sales between states were largely up with WA seeing a 6% increase compared to October 2023.
- PHEV sales skyrocketed in October 2024, seeing a cumulative increase of 110%.
- Petrol vehicles (-10%) sales and Electric vehicles (-8%) decreased in October 2024.
New Car Sales Trends
The top 5 models with the greatest increases so far in 2024 are:
- Toyota RAV4 (+23,087 units)
- Kia Cerato (+9,404 units)
- Ford Everest (+9,095 units)
- Toyota Camry (+6,559 units)
- Hyundai Kona (+6,296 units)
The bottom 5 models with the greatest decreases so far in 2024 are:
- Tesla Model Y (-11,751 units)
- Toyota Prado (-11,620 units)
- Hyundai i30 (-7,477 units)
- MG ZS (-7,021 units)
- Tesla Model 3 (-5,118 units)
The top segment increases so far in 2024 compared to 2023 are:
- Medium < $60K (+98%)
- People Movers > $70K (+88%)
- Light > $30K (+58%)
- Light Buses < 20 Seats (+32%)
- Sports > $80K (+30%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-100%)
- Large < $70K (-91%)
- Upper Large > $100K (-47%)
- Sports < $80K (-45%)
- Medium > $60K (-31%)
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 30,849 units compared to 2023
- Sales of imported vehicles from Thailand have made a strong showing in October 2024 with an increase of 17,694 units compared to 2023
- Sales of imported vehicles from China seeing the largest decrease of 12,753 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 November 2024
