AAA weekly
2023-09-01
Copyright FOURIN, Inc. 2024
Australia’s Automobile Sales Results in 2022
Australia’s automobile sales increased by 3.0% year-on-year in 2022 to 1.08 million units. However, due to soaring prices triggered by the Russia-Ukraine war and a series of interest rate hikes, consumers tend to refrain from purchasing expensive items. As a result, it is difficult to tell whether sales will continue to grow in 2023.
Sales of passenger cars (excluding SUVs) decreased 8.4% year-on-year to 203,056 units. In contrast, SUVs increased 8.1% to 574,632 units, light commercial vehicles went up 1.2% to 256,382 units, and medium and heavy commercial vehicles rose by 9.3% to 47,359 units, surpassing the previous year's results. The market share of SUVs expanded from 35.4% in 2015 to 53.1% in 2022. Based on the product strategies of OEMs, it is expected that the share of SUVs in the Australian market will continue to grow for the time being.
![Graph: Australia: Sales Volume of Automobiles (2015-2022)](/storage/images/1287a80b214310452e296306f14083bd.png)
![Graph: Australia: Monthly Sales Volume of Automobiles (2022)](/storage/images/69cf3aaae5585d2ed1397dc117286964.png)
![Graph: Australia: Market Share of the Top Six Automobile Brands (2015-2022)](/storage/images/e8058c05bded1d0ecc766d95da125e96.png)
![Graph: Australia: Sales Composition of Automobiles by Type (2015-2022))](/storage/images/622e12b17058c0ac98a445cd8154ee03.png)