The Federal Chamber of Automotive Industries' (FCAI) 'VFACTS' report shows there were 95,652 new cars sold in December.

This adds to November's rebound of 12.4%, however the 2020 calendar year was still 13.7% down compared to 2019.

SUVs continued to dominate in 2020, claiming 49.6% market share, which when combined with light commercial (utes, vans), make up nearly three quarters of all new car sales.

In the market for a new car? The table below features car loans with some of the lowest interest rates on the market.

Update resultsUpdate
LenderCar LoanInterest Rate Comparison Rate* Monthly Repayment Interest Type Vehicle Type Maximum Vehicle Age Ongoing Fee Upfront Fee Total Repayment Early Repayment Instant Approval Online Application TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
7.07% p.a.
$579
Variable
New
$8
$400
$34,749
  • Available for purchase of new/demo vehicle
  • Get a personalised rate, won't impact your credit score
  • Borrow from $10k to $150k, 3 to 7 yr loan term
  • Unlimited additional repayments, flexible repayment options
Disclosure
5.67% p.a.
6.10% p.a.
$575
Fixed
New
$0
$350
$34,524
  • A leading Australian Finance Broker with proven experience you can trust
  • We've assisted more than 150,000 customers access over $8 billion in finance!
  • We are the experts at getting the keys in your hands
Disclosure
5.95% p.a.
5.95% p.a.
$579
Fixed
New
$0
$0
$34,757
  • No vehicle age limit
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
Disclosure
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning

Seven of the 10 top selling vehicles for the year were SUVs or light commercial vehicles (LCVs).

The top ten selling vehicles for 2020 were:

  1. Toyota HiLux (45,176 sales)
  2. Ford Ranger (40,973)
  3. Toyota RAV4 (38,537)
  4. Toyota Corolla (25,882)
  5. Toyota Landcruiser (25,142)
  6. Mazda CX-5 (21,979)
  7. Hyundai i30 (20,734)
  8. Mitsubishi Triton (18,136)
  9. Toyota Prado (18,034)
  10. Kia Cerato (17,559)

For December, the growth in car sales was led by SUVs and LCVs - up 24.1% and 21.6% respectively when compared with December 2019.

In contrast, passenger vehicles (sedans, hatchbacks) were down 11.1%.

For December, just two passenger vehicles made the top ten list - the Corolla and i30.

More SUVs and LCVs nudged their way in the top ten for the month - the Isuzu D-MAX and the Nissan XTrail - aided by new model releases in 2020.

  1. Toyota Hi-Lux (5,572 sales)
  2. Ford Ranger (4,265 sales)
  3. Toyota Landcruiser (3,562 sales)
  4. Toyota RAV4 (3,542 sales)
  5. Toyota Corolla (2,516 sales)
  6. Toyota Prado (2,500 sales)
  7. Isuzu Ute D-Max (2,409)
  8. Mazda CX-5 (2,060 sales)
  9. Hyundai i30 (1,996 sales)
  10. Nissan XTrail (1,822 sales)

New car sales data corroborates what has been seen in the used car market, with prices for used SUVs and utes being up to 45% higher than they were in 2019.

The positive turnaround in the new car market is a "great relief" according to FCAI chief Tony Weber.

“COVID-19 has brought a health crisis and a corresponding economic crisis to the world during 2020,” he said.

“And along with the rest of Australia, automotive brands and their dealer networks have found the last twelve months an extremely challenging period.

“The automotive industry in Australia accounts for more than 60,000 employees, with over 4,000 dealerships across the country. The contribution made by these businesses is critically important to the economic wellbeing of communities across Australia."