VFACTS: New Car Sales Insights September 2022

Read our monthly update on VFACTS new car sales results.

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

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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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