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 September 2022
- September 2022 saw a total figure of 93,555 new car sales for Australia as reported by VFACTS
- Figures show new car sales were up +13% in September 2022 versus September 2021
- Sales between states were largely down with WA seeing a 6% decline compared to September 2021
- Electric vehicle sales continue to skyrocket in September 2022, seeing a cumulative increase of 510% 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 (-8%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2022 are:
- Tesla Model 3 (+8,647 units)
- Kia Sportage (+7,564 units)
- Mitsubishi Triton 4X4 (+6,258 units)
- Tesla Model Y (+5,376 units)
- Toyota Hilux 4X4 (+5,088 units)
The bottom 5 models with the greatest decreases so far in 2022 are:
- Nissan Qashqai (-5,579 units)
- Ford Ranger 4X4 (-5,061 units)
- LDV T60 4X4 (-4,607 units)
- Toyota Corolla (-4,599 units)
- Mazda3 (-4,244 units)
The top segment increases so far in 2022 compared to 2021 are:
- Medium > $60K (+92%) (driven by newly introduced Tesla sales)
- Large < $70K (+45%)
- SUV Medium > $60K (+31%)
- PU/CC 4X2 (+10%)
- People Movers < $60K (+10%)
- SUV Medium < $60K (+10%)
Conversely, some of the largest decreases are:
- Upper Large < $100K (-43%)
- Large > $70K (-28%)
- Micro (-22%)
- Small < $40K (-22%)
- Sports > $80K (-22%)
Sales by Import Country
- Sales of imported vehicles from China continue to skyrocket with an increase of 27,066 compared to 2021
- Sales of imported vehicles from Korea have made a strong showing in September 2022 with an increase of 13,287 compared to 2021
- Sales of imported vehicles from Japan seeing the largest decrease of 29,425 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 October 2022
