VFACTS: Car Market Update for July, 2023

By Alexi Falson on 18 Aug 2023
image for VFACTS: Car Market Update for July, 2023 With another month in the rear-view mirror, it’s time to take a look at the state of Australia’s car market with an update from the latest July VFACTS report.

For the unaware, each month Australia’s new vehicle sales are tallied up and mapped out, allowing us to find Australia’s best-selling cars overall, as well as which manufacturers and models are conquering each segment. 

Join us as we take a look at the state of the Australian car market for July, 2023, thanks to the FCAI’s latest VFACTS report. 

VFacts: Car Market Update for July 2023 Major Findings

  • Australian new vehicle sales are at all-time July highs, with 95,589 sales recorded for July, 2023, marking a 14.7 per cent year-on-year increase over the same point last year. 

  • This means that supply and production constraints in the automotive industry are easing, with strong deliveries in July. 

  • The Ford Ranger overtook the Toyota HiLux as Australia’s best-selling vehicle in July. 

  • Toyota remains Australia’s most popular manufacturer, delivering 10,000 more vehicles than its nearest rival, Mazda. 

  • Year-to-date sales in July, 2023 stand at 678,618, an increase of 9 per cent year-on-year. 

  • 678,618 vehicles sold in the strongest year-to-date figures since July, 2018. 

Australia’s Best-Selling Vehicles in July, 2023

The Ford Ranger snatched the throne from the Toyota HiLux to take out the honour of Australia’s best-selling car for July, 2023, while the MG ZS took the market by storm with a third-place finish for the month. 

  1. Ford Ranger - 5143

  2. Toyota HiLux - 4670

  3. MG ZS - 3852 

  4. Tesla Model Y - 3330

  5. Toyota RAV4 - 2750 

  6. Toyota Corolla - 2145 

  7. Isuzu D-Max - 2070 

  8. Hyundai i30 - 1865 

  9. Toyota Prado - 1836 

  10. Mitsubishi Outlander - 1778 

  11. Hyundai Tucson - 1662

  12. Mazda CX-5 - 1616

  13. Mazda CX-3 - 1563

  14. Toyota Kluger - 1313 

  15. Ford Everest - 1288

  16. Isuzu MU-X - 1270

  17. Kia Sportage - 1239 

  18. Toyota LandCruiser - 1230 

  19. Mazda BT-50 - 1195

  20. Subaru Crosstrek - 1179

Australia's Most Popular Car Makers in July, 2023

In spite of the HiLux slipping to second place, Toyota’s large range of vehicles and affordable prices make it by far the most popular car maker here in Australia, more than doubling its lead over its nearest competitor, Mazda. 

  1. Toyota - 19,191

  2. Mazda - 8,307

  3. Ford - 7,109

  4. Hyundai - 6,521

  5. Kia - 6,150 

  6. MG - 5,347

  7. Mitsubishi 4,143

  8. Tesla - 3,934

  9. Subaru - 3,553

  10. Isuzu - 3,340 

  11. Volkswagen - 2,968 

  12. GWM/Haval - 2,564

  13. Nissan - 2,399

  14. Mercedes-Benz - 2,317

  15. BMW - 1,912

  16. Suzuki - 1,517

  17. Lexus - 1,390 

  18. LDV - 1,374

  19. Audi - 1,308 

  20. BYD - 1005 

Which Types of Cars Sell Best in Australia?

SUVs remained by far the best-selling type of car for the month of July, 2023, amassing a near 60 per cent share of the market, followed by light commercial vehicles (utes) with a near 20 per cent share and traditional passenger cars snatching a near 18 per cent share of the market. 

  • SUVs (compact, mid-size & large) 58.9 per cent 

  • Light commercial vehicles (utes) 19.9 per cent 

  • Passenger cars 17.7 per cent 

  • Heavy commercial 3.6 per cent 

How Many Electric Vehicles Were Sold in Australia in July, 2023?

For the month of July, 2023, a total of 6846 electric vehicles were sold here in Australia, while sales of traditional hybrids and plug-in hybrid vehicles also reported significant gains. 

This gives battery-electric vehicles a 7.1% share of the market, while conventional hybrids account for a 10% share, both of which are increasing with each month that goes by. 

Most Popular Models Sold Here in Australia Across Major Segments

Light Cars (Under $30,000) 

  1. MG MG3 - 1040 

  2. Suzuki Swift - 681 

  3. Kia Rio - 638 

Light Cars (Over $30,000)

  1. MINI - 176 

  2. Audi A1 - 28 

  3. Skoda Fabia - 20 

Light SUVs

  1. Mazda CX-3 - 1563 

  2. Kia Stonic - 677

  3. Hyundai Venue - 557

Small Cars (Under $40,000) 

  1. Toyota Corolla - 2145

  2. Hyundai i30 - 1865 

  3. Mazda3 - 833 

Small Cars (Over $40,000) 

  1. Volkswagen Golf - 388 

  2. Mercedes-Benz A-Class - 246 

  3. Audi A3 - 237

Medium Cars (Under $60,000) 

  1. Toyota Camry - 1046

  2. Skoda Octavia - 97 

  3. Mazda6 - 88 

Medium Cars (Over $60,000) 

  1. Tesla Model 3 - 604

  2. Polestar 2 - 306 

  3. BMW 3 Series - 232 

Medium SUVs (Under $60,000) 

  1. Toyota RAV4 - 2750 

  2. Mitsubishi Outlander - 1778 

  3. Hyundai Tucson - 1662 

Medium SUVs (Over $60,000) 

  1. Tesla Model Y - 3330 

  2. Lexus NX - 658

  3. Mazda CX-60 - 628 

4x2 Utes 

  1. Toyota HiLux - 893

  2. Isuzu D-Max - 389

  3. Ford Ranger - 315 

4x4 Utes

  1. Ford Ranger - 4828 

  2. Toyota HiLux - 3777

  3. Isuzu D-Max - 1681 

Utes (Over $100,000)

  1. Ram 1500 - 282 

  2. Chevrolet Silverado HD - 113

  3. Chevrolet Silverado - 104 

Large Cars (Under $70,000) 

  1. Kia Stinger - 92 

  2. Skoda Superb - 18 

  3. Citroen C5 X - 4

Large Cars (Over $70,000) 

  1. BMW 5 Series - 63 

  2. Mercedes-Benz EQE - 54

  3. Porsche Taycan - 53 

Large SUVs (Under $70,000) 

  1. Toyota Prado - 1836

  2. Toyota Kluger - 1313 

  3. Ford Everest - 1288

Large SUVs (Over $70,000)

  1. Land Rover Defender - 336 

  2. BMW X5 - 309

  3. Lexus RX - 184 

Upper Large SUVs (Under $120,000) 

  1. Toyota LandCruiser - 1230 

  2. Nissan Patrol - 466

  3. Land Rover Discovery - 42 

Upper Large SUVs (Over $120,000) 

  1. Lexus LX - 86 

  2. BMW X7 - 82 

  3. Mercedes-Benz G-Class - 52 

Australian New Car Sales By State & Territories in July, 2023

New car sales were highest in New South Wales, followed by Victoria and Queensland rounding out the podium; the full breakdown goes as follows:

  • NSW - 29,516

  • Victoria - 27,097

  • Queensland - 19,719

  • WA - 9,797

  • SA - 6,612 

  • TAS - 1,777

  • ACT - 1,438

  • NT - 903 

What is the Australian Car Market Forecast?

After struggling to keep up with demand, production rates from major manufacturers are beginning to ramp up, with the result being shorter delivery times and a potential record for new car sales for the year in 2023. 

The forecast also shows strong signs for battery-electric vehicles and hybrids being sold here in Australia, with EVs totalling a 7.1% share of the market, while hybrids accounted for around 10% of new car sales in July, 2023. 

Which 3 Car Manufacturers Have the Top Percentage of the Market in Australia?

Here in Australia, Toyota, Mazda and Ford had the greatest percentage of market share for new cars sold in the month of July.  

They were followed by Ford, Hyundai, Kia, MG and Mitsubishi, with Tesla, Subaru and Isuzu rounding out the list of Australia’s best-selling car makes in July, 2023. 

How Many Cars Have Sold in Australia in 2023?

So far, Australians have purchased 678,618 new vehicles in 2023, marking the strongest year-to-date sales for the month of July in five years and signifying how manufacturers have caught up after production slow-downs and component shortages hampered production rates for new vehicles. 

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If you’re tossing up your best options for a brand-new car, be sure to reach out to one of our car-buying specialists who can help find the best possible price. 

AF

Alexi Falson

Alexi is an automotive journalist and road tester hailing from Byron Bay. He has an affection for both cars and motorbikes, a great admiration for the simplicity of old-school engineering, and a fascination of new technology making its way to modern cars. When he's not road testing, you'll find him surfing, hiking or helping people find their dream cars.

Have any questions? Call us on 1300 719 925

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