Photo by Engin_Akyurt on Pixabay
Sales figures for new vehicles in Australia have declined on their respective month in the previous year for the eighteenth month in a row, the latest research confirms.
The Federal Chamber of Automotive Industries’ (FCAI) new vehicles sales figures for September show a 6.9% decline of new car sales in September 2019 compared to September 2018.
This is a decline of 6,530 vehicles.
Year-to-date (January 2019 – September), a total of 811,464 new vehicles were sold, a decrease of 69,541 vehicles, or 7.9% over the same period last year.
FCAI Chief Executive Tony Weber said these slower sales are in line with the broader economic environment in Australia.
“Of particular concern to the industry is the restrictive regulatory lending conditions currently facing consumers,” Mr Weber said.
“The question has to be asked – are these results telling us we have made it too difficult for people to finance basic purchases in today’s Australia?”

Responsible lending and access to credit – such as car loans – have been a hot topic lately, with the Treasurer himself pushing particularly hard against overly stringent lending standards.
“It’s in everyone’s interest that the aspirations of hard-working families are not collateral damage in this regulatory process,” Treasurer Josh Frydenberg said at a property summit last week.
“If responsible lending laws are applied too stringently, they will also negatively impact consumer behaviour.
“Clearly, the risk that the provision of credit may cause substantial hardship to some should not result in a significantly reduced ability to access credit by the vast majority of borrowers.”
Looking for a low-rate car loan? The table below displays some of the lowest fixed car loan rates on the market for new cars.
Lender | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fixed | New | 1 year | More details | ||||||||||
FEATUREDGET APPROVED WITHIN 24 HOURS | New - Special (Fixed)
| ||||||||||||
New - Special (Fixed)
| |||||||||||||
Fixed | New | 2 years | More details | ||||||||||
QUICK APPLICATION PROCESS WITH NO FEES | New Vehicle Fast Loan Low Rate
| ||||||||||||
New Vehicle Fast Loan Low Rate
| |||||||||||||
Fixed | New, Used | 99 years | More details | ||||||||||
APPLY ONLINE | Car Loan
| ||||||||||||
Car Loan
| |||||||||||||
Fixed | New | 3 years | More details | ||||||||||
New Car Loan Fixed
| |||||||||||||
New Car Loan Fixed
| |||||||||||||
Fixed | New, Used | 7 years | More details | ||||||||||
Car Loan - Fixed
| |||||||||||||
Car Loan - Fixed
| |||||||||||||
Fixed | New | 99 years | More details | ||||||||||
New Car Loan Fixed
| |||||||||||||
New Car Loan Fixed
| |||||||||||||
Fixed | New, Used | 5 years | More details | ||||||||||
Car Loan (Fixed)
| |||||||||||||
Car Loan (Fixed)
| |||||||||||||
Fixed | New, Used | 5 years | More details | ||||||||||
Fixed Car Loan (with Low Emission Vehicle discount)
| |||||||||||||
Fixed Car Loan (with Low Emission Vehicle discount)
| |||||||||||||
Fixed | New | 2 years | More details | ||||||||||
Secured Fixed Personal Loan (New Asset)
| |||||||||||||
Secured Fixed Personal Loan (New Asset)
| |||||||||||||
Fixed | New, Used | 3 years | More details | ||||||||||
Car Loan FIxed
| |||||||||||||
Car Loan FIxed
| |||||||||||||
Fixed | New, Used | 99 years | More details | ||||||||||
Car Loan Fixed
| |||||||||||||
Car Loan Fixed
| |||||||||||||
Fixed | New, Used | 3 years | More details | ||||||||||
Fixed Car Loan (Car < 3 Years)
| |||||||||||||
Fixed Car Loan (Car < 3 Years)
|

- Approval in 24 hours
- No ongoing fees, no discharge fee
- Flexible repayment options
Base criteria: fixed and secured car loans for 'low emission' cars. Rates based on a loan of $30,000 for a five-year loan term. Products sorted by advertised rate. Repayments are calculated based on advertised rates. *The Comparison rate is based on a $30,000 loan over 5 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of August 7, 2022. View disclaimer.
September car sales – by the numbers
Toyota was the market leader in September, followed by Mitsubishi and Mazda.
These brands made 15,166, 8,990 and 8,168 sales in September respectively.
Year-to-date, Toyota remains the market leader with 154,515 sales so far in 2019.
Rank | Car brand | Total sales YTD | Total sales September 2019 |
---|---|---|---|
1 | Toyota | 154,515 | 15,166 |
2 | Mazda | 79,057 | 8,168 |
3 | Hyundai | 66,489 | 7,245 |
4 | Mitsubishi | 64,506 | 8,990 |
5 | Ford | 48,604 | 4,783 |
6 | Kia | 46,360 | 5,128 |
7 | Nissan | 38,343 | 4,651 |
8 | Volkswagen | 37,709 | 3,816 |
9 | Holden | 34,215 | 2,863 |
10 | Honda | 34,210 | 3,404 |
In terms of individual cars, the Toyota Hilux was (as usual) the most popular, with 3,364 individual sales in September.
This is a 22.5% fall from September last year however.
The third most popular car, the Mitsubishi Triton, led Mitsubishi’s charge up the rankings with a 61.6% increase in sales to 3,001.
Rank | Vehicle | Sep-19 | Sep-18 | % diff |
---|---|---|---|---|
1 | Toyota Hilux | 3,364 | 4,338 | -22.5% |
2 | Ford Ranger | 3,116 | 3,228 | -3.5% |
3 | Mitsubishi Triton | 3,001 | 1,857 | 61.6% |
4 | Hyundai i30 | 2,447 | 2,508 | -2.4% |
5 | Mitsubishi ASX | 2,419 | 2,138 | 13.1% |
6 | Mazda CX-5 | 2,335 | 1,506 | 56.4% |
7 | Toyota Corolla | 2,219 | 2,917 | -23.9% |
8 | Kia Cerato | 2,022 | 1,574 | 28.5% |
9 | Nissan XTrail | 1,769 | 1,908 | -7.3% |
10 | Mitsubishi Outlander | 1,731 | 1,404 | 23.3% |
Disclaimers
The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.
Latest Articles
- RBA remains hawkish on inflation despite real wages not rising until 2024
- ING increases popular savings account rate to 3.10% p.a.
- Where to next for Australia’s property market?
- Jacaranda Finance launches 60-minute car loan
- Employees, self-funded retirees feel the brunt of cost of living increases
Latest News
Jacaranda Finance launches 60-minute car loan
August 04, 2022
June 29, 2022
10 Biggest Car Manufacturers & Brands In Australia
June 29, 2022
Be Savings smart.
Subscribe for free money newsletters.
to the Savings Privacy Policy