The top selling cars for 2023 have been revealed in the latest VFACTS figures from the Federal Chamber of Automotive Industries. It was a record year for sales as supply issues eased and buyers finally managed to get behind the wheel of their new drive. But as a result of global inflation, prices of new vehicles have increased for many makes and models. Making securing the best rates on vehicle financing are as important as securing the preferred vehicle.
Add to the mix the current costs of living pressures, and securing affordable vehicle credit is a high priority for many buyers. Jade Finance sources the best finance rates on personal car loans and business vehicle finance on new cars, SUVs, utes and vans from across more than 80 lenders. Lower rates and individually negotiated financing to ensure the monthly repayments work with the household budget and/or cash flow.
Buyers can apply for funding prior to test-driving vehicles to provide clarity over affordability for their choice of best-sellers and place them in a good position to secure a vehicle in this time of strong demand. 2023 vehicle sales eclipsed the former record reached in 2017 and a breakdown of the figures into makes and models and buyer type highlight buying trends in the auto sector.
FCAI Top Selling Cars Report
In releasing the auto sales report for December and the year 2023, Tony Weber from the FCAI said the figures were unprecedented. Record results that highlighted the competition in the market and the broad choices available for buyers.
While the annual figures were record-breaking, the December data was also in positive territory. An increase for December 2023 of 12% compared with December 2022 despite there being one selling day less for the period. All vehicle categories recorded sales increases with Toyota holding onto number one manufacturer for December. While Toyota captured 9.6% of December sales, Ford came in second and then Mazda.
Mr Weber noted the buying trend which has been emerging for some time – the move away from passenger body types to light commercials and SUVs. Just over 78% of total 2023 sales were in these two popular segments and all 10 best-selling vehicles were SUVs and light commercials.
The trend towards greater EV take-up is highlighted by the increase in sales in that segment and the Tesla Model Y topping sales to personal vehicle buyers for 2023. Just over 7% of total vehicle sales were for battery-electric models and when all EV variations are tallied, they represent just over 16% of the total annual sales.
The FCAI has long lobbied the Federal Government in regard to the introduction of a Fuel Efficiency Standard. Mr Weber explained that such a policy would reduce emissions and allow Australian buyers to purchase the type of vehicles they were seeking. Availability and the all-important affordability issues would be addressed.
Top Selling Cars – Leading 10 Models
Knowing what others are buying can be inspiration and valuable information for buyers in the market for new vehicles. It can also open buyer’s eyes to what is available and their options to inspect and test-drive. But if a passenger body type is on the buying list, there is no inspiration in the leading 10 sellers. Not one appears in the list for the first time since these reports have been released.
Continuing the rivalry between the two leading light commercials, Ford’s Ranger pipped the Toyota HiLux by around 2,000 vehicles to take out 2023’s best-selling vehicle. Ford recorded around a 33% rise in sales over 2022 figures for the Ranger while HiLux figures dropped by 5% on the same comparison.
Third best-seller was Isuzu’s D-MAX, then came the Toyota RAV4 followed by the very popular SUV MG’s ZS. In sixth place overall was the Tesla Model Y and then came the Outlander by Mitsubishi, Mazda CX5, Hyundai’s Tucson and at number 10 another Toyota SUV, the Prado.
The most impressive increases in sales noted in the report were 230% for the Tesla, just over 28% for the D-MAX and 24% for the Outlander. A number of models actually fell in sales year-on-year. But in comparing year-on-year figures and in fact any sales figures, issues faced by individual manufacturers in regard to supply and availability should be considered.
Private Buyer Top Selling Cars
When recording the totals and top 10 listings, all buyers are included – private, business, government, rental companies. But a different picture of what’s selling best emerges when private sales are considered on their own.
Tesla’s Model Y was the best-seller to private buyers with the ZS by MG second and then Toyota’s RAV4. Ranger and HiLux for make the leading 10 in this private buyer breakdown but not on the podium.
Securing the Best Rates for Top Selling Cars Finance
In the current economic climate, affordability can be a key buying factor, often overriding personal choice of make or model. Making vehicle pricing affordable can come down to the financing and especially the interest rates.
With more than 80 lenders in our lender panel, we have the resources to source the best vehicle finance rates on business vehicle financing and personal car loans. Buyers have the full portfolio of credit choices and the expertise of our highly skilled and adept brokers to hunt down the best funding offers to suit individual buyers.
To select a vehicle priced in your repayment affordability zone, contact us first for pre-approved financing or quick quotes.
For the best rates on financing top selling cars, contact Jade Finance on 1300 000 008.
DISCLAIMER: NO LIABILITY IS ACCEPTED IF ERRORS OR MISREPRESENTATIONS ARE FOUND IN THIS ARTICLE. THE ARTICLE IS PREPARED AND PRESENTED FOR GENERAL INFORMATIVE PURPOSES AND IS NOT INTENDED TO BE THE SOLE SOURCE OF INFORMATION FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING GUIDANCE AND ADVICE SHOULD CONSULT A FINANCIAL ADVISOR.
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