Automobile & Automotive Finance Statistics – Australia 

Ever questioned how far persons are driving, or what number of automotive loans are taken out? Nicely now you will discover out.

Uncover statistics on what number of kilometres the common Australian drives per yr, how a lot they pay on insurance coverage and extra. Statistics come from reliable organisations such because the Australian Bureau of Statistics, the Federal Chamber of Automotive Industries (FCAI), and peak motoring our bodies such because the Australian Vehicle Affiliation.

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Motoring Statistics Australia

• Common distance travelled: 11,100km for passenger autos

• Common gasoline economic system: 11.1L/100km for passenger autos

• Common car age: The typical age of autos throughout Australia is 10.6 years

• Hottest automotive makes:

  • Toyota

  • Mazda

  • Hyundai

  • Ford

  • Kia

• Gasoline sorts: 71.7% of the autos on the highway use petrol

Common automotive operating prices

It’s not low-cost to run a automotive. Motorists must think about much more than simply gasoline. Servicing, rego, tyres and insurance coverage can all add up. When you’ve got a automotive mortgage fee, that provides up too. The Australian Australian Vehicle Affiliation revealed automotive loans make up the most important portion of automotive family bills per week.

Prices to run a automotive embody registration, insurance coverage, gasoline, automotive mortgage repayments, and extra.

Most costly automobiles to run

The RACV – Victoria’s peak motoring physique – often publishes insights and crunches numbers revealing the costliest autos to run. Its report takes into consideration mortgage repayments, gasoline, tyres, rego, buy worth, and extra. Out of the automobiles measured, the 5 costliest automobiles to run have been (per 30 days):

1. Nissan Y62 Patrol Ti: $2,337.33

2. Toyota Landcruiser 70 Collection Workmate: $2,049.82

3. Hyundai Palisade: $1,664.39

4. Toyota Prado GX: $1,658.08

5. Nissan Navara ST: $1,551.00

The report didn’t measure luxurious autos from makes equivalent to Bentley, BMW and Mercedes-Benz. The report additionally didn’t take into consideration depreciation, which might price 1 / 4 to a 3rd of the acquisition worth in as little as three years. Autos such because the Landcruiser are inclined to have a strong secondhand market and will not depreciate as rapidly as different autos.

Conversely, a few of the least expensive automobiles to run included small hatchbacks, costing as little as round $600 per 30 days to run, together with fashions such because the MG3 Core, Kia Picanto and others. Equally, whereas electrical autos could have had a dearer buy worth, month-to-month prices got here in decrease than the costliest automobiles as a consequence of decrease gasoline and servicing prices.

Month-to-month automotive gross sales

Each month the Federal Chamber of Automotive Industries (FCAI) publishes a ‘VFACTS’ automotive gross sales report. In 2020 new automotive gross sales plummeted as a result of pandemic, lockdown and recession. Nonetheless, they rebounded strongly in 2021 recording over 1,000,000 gross sales for the yr. In direction of late 2021 and early 2022 nevertheless, provide chain bottlenecks and chip/microprocessor shortages began to take impact – demand outstripped provide for brand new automobiles.

Electrical car uptake

Electrical autos have, pardon the pun, began to surge in recognition. This comes as gasoline hits $2 per litre in lots of components of the nation. Gross sales are additionally aided by the arrival of some common fashions out there such because the Polestar 2. The MG ZS additionally continues to show common, as some of the reasonably priced new electrical automobiles on sale in Australia.

And with jurisdictions such because the ACT vowing to ban gross sales of recent petrol and diesel automobiles by 2030, gross sales are anticipated to leap additional.

Automotive automotive loans

Each month the Australian Bureau of Statistics publishes lending knowledge and divulges what number of Australians take out automotive loans in any given month. The worth of recent automotive mortgage commitments mirrors automotive gross sales as seen within the above graph. They took successful throughout the pandemic, resurged in 2021, earlier than pulling again in late 2021 and early 2022 as materials shortages meant patrons couldn’t get their arms on their car of alternative.

Registration prices per state

Qld	$712.70
NSW	$814
Vic	$864.40
SA	$678.64
Tas	$576.62
WA	$776.83
NT	$802.30
ACT	$857.90

Appropriate as of July 2022. (2.0L 4 Cylinder Automobile, 1300kg, Metro use, Rego Renewal & Allianz CTP)

Queensland arguably has probably the most add-ons out of all of the states, and the determine excludes different prices equivalent to new car registration, plate charges, site visitors enchancment price and different prices. When these are added on the associated fee can simply be greater than $800.

WA and NSW cost registration based mostly on weight; Queensland and Tasmania cost based mostly on cylinders, whereas NT prices based mostly on engine dimension no matter cylinders. NSW CTP prices additionally range much more relying on driving historical past, age, location, and myriad different components.

Victoria and ACT have probably the most simple course of. Victoria has a flat price based mostly on whether or not you reside in a Metro, Outer metro, or Rural zone. SA additionally has a partial zone-based system. ACT has a flat price variable solely by CTP supplier.

Allianz was the CTP insurer chosen the place that’s an possibility, equivalent to Queensland, SA, and NSW. CTP via Allianz could also be cheaper or dearer than different suppliers. Within the case of ACT, Allianz was unavailable so NRMA was chosen.

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