Toyota remains most popular car brand in January
New figures released show that Australians remain loyal to Toyota, as the Japanese carmaker once again sold the highest volume of vehicles in January 2022, according to the Federal Chamber of Automotive Industries (FCAI).
Toyota saw 15,33 vehicles sold in January alone, with two models sitting in the top five models sold list. The Toyota Hilux was the highest selling model in January at 3,591 vehicles sold, and the Toyota Prado came in fifth with 2,566 vehicles sold.
Top car brands for January 2022
- Toyota (15,333 vehicles sold)
- Mazda (9,805 vehicles sold)
- Mitsubishi (6,533 vehicles sold)
- Kia (5,520 vehicles sold)
- Hyundai (5,128 vehicles sold)
Top car models for January 2022
- Toyota Hilux (3,591 vehicles sold)
- Ford Ranger (3,245 vehicles sold)
- Mazda CX-5 (3,213 vehicles sold)
- Mitsubishi Triton (2,876 vehicles sold)
- Toyota Prado (2,566 vehicles sold)
The first month of the new year saw 75,863 vehicles sold in total – a decrease of 4.8% from last January’s figures.
Sale declines were evident across the nation, with New South Wales recording a fall in sales of 9.8% from January 2021, and the Australian Capital Territory decreasing by 9.7% in the same period.
The only state or territory that saw an increase in car sales compared to last January was Tasmania, which improved by 15.4%.
Accounting for this drop in sales figures, FCAI Chief Executive, Tony Weber, said: “The microprocessor shortage and the pandemic’s impact on supply chains continues into 2022. This is an issue impacting markets all over the globe. Despite this, consumer interest, inquiry, and the fundamental demand for new cars in Australia remains strong.”
“Manufacturers are continuing to work hard to address supply chain and production issues. We are also experiencing bottlenecks in having vehicles processed from some Australian ports. We will continue to work with all parties involved to resolve the issue,” he said.
How to finance your first or next vehicle
Whether you’re daydreaming of your own Toyota Hilux, looking to upgrade to an electric vehicle, or just want a convenient hatchback to get you around town, you may need financial assistance to sign on the dotted line for your next car
When it comes time to choose your best car loan option, it may be worthwhile comparing a range of factors to ensure it suits your financial needs and budget. This includes the interest rate, any upfront or ongoing fees, the length of the loan, whether it is fixed or variable, as well as any features the loan may offer, like a redraw facility.
Comparison tables can be a great place to start when comparing car loan options. To help you on your comparison journey, here is a list of some of the lowest rate secured car loan options:
Disclaimer
This article is over two years old, last updated on February 4, 2022. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent car loans articles.
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