Australia Vehicle Sale Trends

If you were to calculate the percentage of people who buy a new car each year, you'd be surprised to know that Australia is already a car country. As of 2015, there were more than seven million motor vehicles in circulation in Australia Vehicle Sale Trends, according to ABS data. However, with the recent COVID-19 pandemic and restrictions on car lending, sales of new cars have fallen dramatically. Despite this, experts estimate that the number of new cars will exceed one million by the end of 2021.

A recent study found that sales of passenger cars have fallen sharply between 2017 and 2020, and the trend is expected to continue in 2020. Although EVs are more expensive than gas-powered cars, they still remain an attractive option for many consumers, particularly if the range is good. Interestingly, the number of Australians who will purchase a new car from China is increasing significantly, with 16.8% planning to do so within the next four years. The number of car sales in Australia is continuing to fall across all states. The lowest month to purchase a new car is January, with Qld seeing the biggest drop. Meanwhile, the highest month for buying a new car is March, with the median price of a new car falling by 3.8%. The highest month of the year was February, with sales dropping by 6.7%. The trend is also reflected in the number of people who plan to buy a used vehicle during 2020.