6th January, 2023 ยท bulletin

2022 New Car Sales Results Released

2 minutes to read

VFACTS for December 2022 and the full calendar year were released yesterday by the Federal Chamber of Automotive Industries. New car sales remained strong for 2022, with 1,081,429 vehicles sold. This represents a 3 per cent increase on 2021.

Increasing interest rates and ongoing supply issues don’t appear to have affected the market throughout 2022, with demand remaining high. However, the result seems to have fallen slightly short of start of year predictions for some brands, particularly due to these continuing issues throughout the year.

Toyota continues to dominate, with a 21.4 per cent market share, and was the top seller for the 20th year in a row with 231,050 cars sold. The top five was rounded out by Mazda (95,718), Kia (78,330), Mitsubishi (76,991) and Hyundai (73,345). This is the first time that Kia has outsold Hyundai, as they posted a 15.3 per cent increase on the previous year’s sales figures.

Brands that didn’t fare as well include Honda, who posted their lowest sales numbers on record, Nissan, whose sales figures decreased by 35.8 per cent, and Volkswagen saw a 24.1 per cent decrease for 2022.

The Toyota Hilux became the first vehicle since the Holden Commodore in 2005 to break the 60,000 mark for cars sold in a year, with its 4×4 and 4×2 variants selling a total of 64,391 vehicles. SUVs and light commercial vehicles remained extremely popular, accounting for 16 of the top 20 models sold in 2022. This represented just over 75 per cent of vehicles sold for the calendar year.

Battery electric vehicles continued to increase in popularity with more than 33,400 cars sold for the year, representing an 821 per cent increase on 2021. 11.2 per cent of vehicles sold in 2022 were low emissions vehicles including hybrids, BEVs and PHEVs. This is an increase from 7.5 per cent in 2021.

The AADA has assessed VFACTs Top 20 Brands & Models for the whole of 2022, and for December 2022, ranking them by volume.