On the Australian V8 and Supercars race circuit it was always the Ford versus Holden rivalry. But in the car sales race it is now all about Ford versus Toyota in the competition for the top-selling vehicle each month. The latest motor vehicle sales figures for October 2021 reveal the blue oval’s extremely popular Ranger has knocked the iconic Toyota HiLux from the top podium spot for another month. For close watchers of the motor vehicle sales results, as the end of year approaches, the competition is hotting up to see which model will end the year in overall top position.
For those looking to buy a new vehicle, reviewing the current sales figures can provide some insight into what to buy. Jade Car Loans stays across the data to bring you regular updates on the top-selling car makes and models and latest motor vehicle sales figures as well as on the loans available to capture a top seller for yourself.
But before drawing definitive conclusions from the past 2 months' sales figures, key issues currently impacting the motor vehicle market overall should be considered. In particular the effects of the pandemic, extensive lockdowns in Victoria and NSW and the global manufacturing and supply problems including associated with international shipping.
In general, the sales figures for October 2021 for new vehicles were down 8.1% on the same month in 2020. As noted by the Chief Executive of the FCAI, Tony Weber, manufacturers are facing challenges regarding supply as a result of the shortage of microprocessors. This situation is resulting in longer delivery times and could be a signal to buyers to place orders as a matter of priority.
With some state and territory Governments offering incentives for electric vehicle buyers, EV sales continue on an upward trajectory.
Top Selling Makes and Models
The monthly car sales figures are released for both individual models and make. Sales of the Ford Ranger were impressive in tipping the Toyota HiLux from the top spot, but Ford slipped to fourth among the top-selling makers.
Top-selling models for October 2021: The Ford Ranger just edged out Toyota HiLux by 179 units. Third place went to another Toyota, the LandCruiser followed by yet another Toyota, the Corolla with the Hyundai i30 in fifth spot.
Rounding out the top 10 in order – Isuzu D-MAX, Toyota RAV4, Hyundai Tucson, Mitsubishi ASX and the Nissan X-Trail. The SUV/ute category continues to be the most popular vehicle type, continuing the trend that has been building over recent years. The versatility and functionality especially the work-to-weekend adaptability make this vehicle popular with both private and business buyers. The pandemic border issues are making intrastate road trips extremely appealing and the 4WDs and SUVs can be ideal for this type of travel and holidays.
With so many models in the top 10 list, it probably is no surprise to see Toyota dominating the top-selling brand's leaderboard yet again. The brand sales results are based on YTD (year-to-date) results as different from the model results which are for the month.
Top 10 motor vehicle brands based on YTD sales: Toyota, Mazda, Hyundai, Ford, Kia, Mitsubishi, Volkswagen, Nissan, MG and Subaru. Reviewing the top-selling brands may give buyers a clue about the availability of some makes and models. The sales figures are vehicles delivered – key!
With talk of long wait lists for some vehicles, when heading out to buy a new car, the key question to ask the dealer might be ‘What is available for immediate delivery?’ Buyers may have their eye on a top seller but some may have to compromise on their choice as a trade-off for taking delivery right now. Taking advantage of our Jade Car Loans pre-approved finance, buyers can be ready to order immediately and possibly expedite delivery.
Motor Vehicle Finance Update
The Ranger vs. HiLux rivalry will likely be of most interest to business vehicle buyers as will the cheap interest rate finance and tax benefits currently available for business vehicle loans. Temporary full expensing is still on the table for eligible businesses and eligible assets and interest rates for now are still at historic lows. The RBA has kept the cash rate steady for some time, but for how long is a big conversation in some analyst circles.
Refer to our Interest Rate Comparison for either private car loans or business vehicle finance to calculate repayment estimates on the different vehicles on your shortlist. If you anticipate the stock of your preferred vehicle may be in short supply, speak with us about pre-approved finance so you don’t waste time and risk FOMO when visiting the dealership.
Pre-approved car loans are available at our low interest rates, across our complete motor vehicle loan portfolio:-
- Secured Car Loans for private buyers.
For business buyers:
- Car loans for sole traders
- Business Car Leasing
- Commercial Hire Purchase
Business owners should consult with their accountants on the choice of vehicle finance products.
Our quick quotes and fast application approvals ensure our customers a streamlined and prompt service to secure car finance.
Contact Jade Car Loans on 1300 000 003 to discuss finance on a top-selling vehicle for private or business use.
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.
