By most recent census estimates, there are nearly as many cars in Australia as there are people. Australia clearly is a nation of motoring enthusiasts, but exactly how many cars do we buy each year? What's the nation's favourite brand and model and how much do Aussies spend on vehicles? We've got the answers to these questions and more.

The Federal Chamber of Automotive Industries (FCAI) regularly publishes detailed statistics on the state of the Australian car industry, while the ABS publishes data on the popularity of car loans and financing.

How Many New Cars do Australians Buy?

In February 2025, there were 94,993 new vehicle sales, down 9.6% from the same time last year. Over the calendar year of 2024, there were 1,220,607 total new cars sold, slightly more than in 2023.

A large proportion of these cars in any given month can be government or fleet vehicles.

What are the Most Popular Cars in Australia?

Here's the detailed breakdown on those 1.2 million sales in 2024.

Car sales by vehicle type

Vehicle class

2024 sales

Overall %

Passenger

203,384

17%

SUV

695,566

57%

Light Commercial (Utes, vans)

270,351

22%

Heavy Commercial

51,306

4%

Electric vehicle uptake

The last few years have seen a surge both in the uptake of electric vehicles in Australia and the available options. According to the FCAI, there are now 88 different EV models on the market.

However, recent data suggests the extra supply of EVs is so far not being matched by demand. In February 2025, 5.9% of total vehicle sales were for electric vehicles. That's still a major jump from a few years ago, but down substantially from February 2024 when EVs made up 9.6% of total sales.

FCAI CEO Tony Weber says given the Government will soon be introducing New Vehicle Efficiency Standards (NVES), these numbers are cause for alarm.

"Our grave concern [on NVES] has always been the rate of EV adoption and what assumptions the Government has made in its modelling around consumer demand for EVs in the NVES," Mr Weber said.

Most popular car manufacturers in Australia

In the calendar year 2024 these were the most popular car manufacturers in Australia:

Brand

2024 sales

Overall %

Toyota

241,296

19.8%

Ford

100,170

8.2%

Mazda

95,987

7.9%

Kia

81,787

6.7%

Mitsubishi

74,547

6.1%

Hyundai

71,664

5.9%

MG

50,592

4.1%

Isuzu Ute

48,172

3.9%

Nissan

45,284

3.7%

GWM

42,782

3.5%

Toyota took top spot for the 22nd year in a row with a record breaking 241,000 sales, breaking its own record of just under 239,000 in 2008. Nearly one in five new cars sold in Australia are Toyotas.

Most popular vehicle models in Australia

And the most popular models:

Brand

Model

2024 sales

Ford

Ranger

62,593

Toyota

RAV4

58,718

Toyota

Hilux

53,499

Isuzu

D-Max

30,194

Mitsubishi

Outlander

27,613

As you might expect given Australia's demonstrable preference for larger vehicles and a perceived love for the great outdoors, all of the top five models sold last year are Utes and 4x4s.

Car Loan Statistics

The ABS has estimated the value of new car loans written each quarter. You can see in the below chart that although there are notable drops that coincide with the GFC and Covid, the general trend is upwards. In September 2002, about $2.3 billion worth of car loans were written. In December 2024, that number was nearly at $4.7 billion.

Average Car Loan Rates

Both unsecured and secured car loan rates tend to fluctuate with market factors like the RBA cash rate. Unsecured rates tend to be slightly higher, as lenders price in the additional risk of not having the vehicle itself as security - unsecured car loans are effectively personal loans.

These rates can vary considerably, since generally lenders offer a scale of rates based on the borrower's credit history. According to RBA data, the average rate on new personal loans funded in January 2025 was 10.14% p.a.

Secured loans tend to have slightly lower rates. The RBA doesn't collect data on secured car loan rates, but over the past couple of years rates have typically ranged from around 6% to above 10%.

Here's some of the top rates available at the moment on our database:

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 TagsRow TagsFeaturesLinkComparePromoted ProductDisclosure
5.99% p.a.
7.12% p.a.
$580
Variable
New
No Max
$8
$400
$34,791
  • Available for purchasing new and demo vehicles
  • $5,000 to $150,000 loan amount
  • Redraw facility available up to $5000/day
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
Disclosure
6.52% p.a.
6.95% p.a.
$587
Fixed
New, Used
No Max
$0
$350
$35,236
  • 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
6.57% p.a.
7.19% p.a.
$588
Fixed
New
No Max
$0
$250
$35,278
  • 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

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

Average Car Prices in Australia

As you're probably aware, the most expensive vehicles are several orders of magnitude more expensive than the low end of the second hand market, so an 'average price' really doesn't tell you that much in the abstract. However, 'transport' is one of the spending categories tracked by the ABS in the CPI inflation figures. It's not perfect, but it's still an approximation of how car prices have increased over time.

You can see that vehicles in 2024 were more than 10-times as expensive as they were in 1972, not adjusted for inflation.

Car Running Costs in Australia

The Australian Automobile Association (AAA) is considered the definitive source for estimating car running costs. Since the start of 2016 the AAA has tracked the average cost of running a car, including registration and licensing, fuel, tolls, insurance, servicing and tyres, roadside assist and car loan payments.

Year end

Weekly average transport cost

Annual average transport cost

Average % of income

2016

$329.75

$17,147

13.6%

2017

$306.28

$15,927

13.5%

2018

$318.51

$16,563

13.8%

2019

$325.23

$16,912

13.9%

2020

$309.92

$16,116

12.6%

2021

$380.10

$19,765

15.4%

2022

$384.86

$20,013

15.1%

2023

$435.52

$22,647

16.5%

2024

$445.72

$23,177

16.1%

You can see a modest dip in 2020 when the pandemic locked us all in doors, freed up roads, and ended the work commute for many in one fell swoop.

Cost of running a car in 2025

Running costs vary dramatically depending on where you are. AAA breaks down the average annual cost to run a vehicle for each location - here are the numbers for the capital cities as of the last three months of 2024, per household:

Cost of running a car in…

Fuel

Registration/CTP/Licensing

Insurance

Servicing/Tyres

Roadside Assist

Greater Sydney

$4,878

$2,015

$3,706

$1,929

$134

Greater Melbourne

$4,766

$1,859

$3,569

$1,957

$134

Greater Brisbane

$4,916

$1,496

$2,537

$1,619

$121

Greater Adelaide

$4,645

$1,424

$2,583

$1,596

$123

Greater Perth

$4,553

$1,960

$2,443

$1,960

$122

Greater Hobart

$4,714

$1,294

$2,202

$1,818

$139

Greater Canberra

$4,823

$2,240

$2,480

$2,463

$134

Greater Darwin

$4,514

$1,722

$2,779

$1,905

$115

And for major regional centres:

Cost of running a car in…

Fuel

Registration/CTP/Licensing

Insurance

Servicing/Tyres

Roadside Assist

Wagga Wagga

$3,143

$1,761

$2,320

$1,811

$134

Geelong

$5,622

$1,743

$2,460

$1,875

$134

Townsville

$3,655

$1,496

$2,393

$1,650

$121

Mount Gambier

$5,133

$1,202

$2,229

$1,602

$123

Bunbury

$5,594

$1,960

$2,290

$2,113

$122

Launceston

$5,324

$1,294

$2,098

$1,475

$139

Alice Springs

$5,397

$1,722

$3,118

$2,099

$115

Fuel costs are a huge hit on the household budget, and only seems to be going up, not helped by the indexation of the fuel tax where it's now above 50c per litre of fuel.

First published on August 2022

Image by Fluid Imagery on Unsplash