Out of general interest or seeking serious buying inspiration, checking out what cars are selling best is a popular and can be extremely useful for buyers. Both keen buyers and motoring enthusiasts can look to the latest top selling cars figures for inspiration on what is selling or to keep abreast of popular makes and models.
The latest sales figures have been issued by the FCAI for February 2022 and the jury seems out that the popularity of the traditional passenger car has definitely given way to SUVs and utes.
As we have mentioned in several posts over the past few ‘COVID-impacted’ years, assessing best-selling figures must be done in the context of the current market conditions. That means availability. Many brands have been impacted by the microprocessor shortage and shipping issues. Manufacturers have faced difficulties getting models into showrooms and buyers behind the wheel.
As these challenges are overcome by individual brands, more vehicles are available to fill back orders for much-relieved dealers. For prospective new car buyers we provide details on the latest top selling cars and finance options to secure the vehicle of choice.
FCAI Statement
The Federal Chamber of Automotive Industries is the peak organisation which represents many in the Australian automotive sector. The FCAI releases the figures for sales of new vehicles each month and issues a statement highlighting the key points.
Sales for February 2022 were up 1.6% on the same month in 2021 and Mr Tony Weber, the Chief Executive of the FCAI said that was positive news given that the supply chains had not as yet been completely stabilised.
Mr Weber said that complete recovery of the global supply chain in regard to the shortage of microprocessors remained some way off. He said that the demand for new cars from Australian consumers remained strong and that the manufacturers were working hard to get motorists behind their wheels.
Sales in General
The sales figures are broken down by state/territory and by top makes and models and compared to the corresponding month in the previous year and some figures are reported as YOY (year on year). On a state basis and in comparison with 2021, ACT down 2.6%; NSW down 3.5%; QLD up 3.8%; TAS up 16.6%; SA up 8.9%; VIC up 5.5% and WA down 1.7%.
The passenger car market is down 18.3% compared with February 2021 while the SUV sector is up 5.4%. The light commercial sector, vans, continues to post strong sales with another increase in February 2022 compared with 2021.
As a sign of the trend away from passenger cars and towards SUVs, there is only one passenger model in the top ten sales results for apparently the first time. This trend is also reflected in the number of passenger car models, especially in the smaller sizes, currently on the market. So if you’re in the market for a passenger car you may need to rethink and consider a SUV.
If you’re wondering about differences in car loans, with Jade Car Loans there is none. We offer the same range of loan types, same interest rates and loan conditions for both new passenger vehicles and SUVs. The loan interest rate and other specifics are assessed and offered based primarily on the credit profile and other details of the person applying for the loan.
Make and Model Results Breakdown
No great surprises when it comes to top selling brands with Toyota retaining market leadership overall. Next came Mazda, Mitsubishi, Kia, Hyundai, Ford, MG, Subaru, Nissan and Isuzu.
Sales figures are also posted for the top selling car overall and within several market segments.
Overall top selling models for February 2022:
- The iconic workhorse Toyota HiLux
- Popular SUV Toyota RAV4
- Mitsubishi Triton
- The Ford Ranger
- Toyota Prado
- Increasingly more popular - MG ZS
- Isuzu D-MAX Ute
- Highly popular small SUV Mazda CX-30
- Highly-awarded Hyundai i30
- Mitsubishi Outlander
Clearly showing how the SUVs and work vehicles are outselling the passenger cars. Note the Triton nudging ahead of the Ranger!
Be mindful that many businesses will be keen to purchase their vehicles at this time to take advantage of temporary full expensing in this financial year. For those with this in mind, speak with us about a Chattel Mortgage for business cars.
For buyers that are set on a passenger car, here are some of the models that sold best in February 2022:-
- Micro – Kia Picanto
- Light - MG3 and Mini
- Small – Hyundai i30 and BMW 2 Series Gran Coupe
- Medium – BMW 3 and Toyota Camry
- Large – Kia Stinger, BMW 5, Chrysler 300 and Mercedes-Benz S Class
New Car Finance Options
For new car buyers we offer the full portfolio of personal and business finance options. With availability still tight on some makes and models, arranging your finance prior to heading into a dealership may improve your chances of faster delivery. You may be in the right place at the right time and with the right car loan to nab a demo or the last ones on the lot.
When comparing different makes and models in terms of car loan repayments, use our business car repayment calculator. It’s quick and easy and free to use and is an essential for buyers where affordability is a driving factor in the purchase.
For a car loan quote on a top selling car, call Jade Car Loans on 1300 000 003 or apply online
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.
