As Australia gears up for an unprecedented boom in new vehicle sales, 2024 is poised to be a landmark year in the automotive industry. Following a record breaking year for new car sales in 2023, the upcoming year promises an impressive lineup of new models, thanks to eased stock shortages and production bottlenecks. The 2024 New Car Calendar for Australia is brimming with a wide array of fresh cars, SUVs, utes, and vans set to grace local showrooms.
This year is particularly noteworthy for its dynamic shift towards electrification and advanced automotive technology. The spotlight is on electric SUVs, sports cars, and sedans, all set to make their grand entrance. 2024's car releases are not just about power and performance; they also focus on cutting-edge green technology, transforming the way we navigate our daily lives. From high-performance electric cars to practical city hatchbacks and robust diesel work utes, the array of options caters to every need and preference.
Prepare for a thrilling exploration of the future of driving as we delve into the most advanced car releases of 2024. It's a journey that promises to showcase powerful electric vehicles and eco-friendly everyday cars, revolutionizing the driving experience with innovation and sustainability at the forefront.
Exciting New Car Releases Coming in 2024
The automotive landscape is gearing up for an exciting year in 2024, with a range of new models set to hit the Australian market. From updated favourites to brand-new entries, here's a comprehensive overview of the best new cars expected in 2024:
Toyota HiLux
Toyota is set to revolutionize its best-selling model, the HiLux, by adding a 48-volt-assisted powertrain option in 2024. This new setup, paired with the reliable 2.8-litre turbo-diesel engine, is expected to reduce fuel consumption by approximately 10%. The HiLux 48V will be available in select grades, with pricing details yet to be announced.
Lexus GX
The Lexus GX is making its Australian debut in the first half of 2024. Positioned as a premium alternative to the Toyota Prado, the GX is expected to attract buyers with its luxury features and robust capabilities. It will initially be offered with a 3.5-litre twin-turbo petrol V6 engine, coupled with a 10-speed automatic transmission.
Jeep Avenger
Jeep's first all-electric model, the Avenger crossover, is scheduled for release in the latter half of 2024. This electric vehicle is powered by a single motor delivering 115kW/260Nm to the front wheels and boasts a 400km driving range thanks to its 54kWh lithium-ion battery.
Audi Q4 e-tron
Audi is introducing its most affordable electric car, the Q4 e-tron, to Australia in mid-2024. Based on Volkswagen's MEB electric platform, the Q4 e-tron promises up to 546km of driving range. It will be available in both SUV and Sportback body styles, with 45 and 55 variants.
Ford Mustang
Ford is keeping the classic front-engined, rear-drive V8 layout alive with its new-generation Mustang, also available with a 2.3-litre EcoBoost four-cylinder engine. The Mustang is expected to arrive in the first half of 2024 and continue its reign as Australia's best-selling sports car.
Kia Sportage Hybrid
The Kia Sportage Hybrid, set to launch in January 2024, will offer a 1.6-litre turbo-petrol four-cylinder engine paired with a 44.2kW electric motor. This model will be a strong competitor to the popular Toyota RAV4 Hybrid.
Mazda CX-80
Mazda is preparing to unveil the CX-80, expected to be fully revealed before the end of 2023 for a 2024 launch. The CX-80 is likely to borrow design and powertrain elements from its siblings, the CX-60 and CX-90, and compete with models like the Hyundai Palisade and Toyota Kluger.
Mitsubishi Triton
The Mitsubishi Triton, arriving in early 2024, is set to challenge the Ford Ranger and Toyota HiLux. With a new look and a more potent twin-turbo 2.4-litre diesel setup, the Triton also features a notable 3500kg towing capacity.
SsangYong Torres
SsangYong's new model, the Torres, is joining the mid-size SUV segment in 2024. With a tough, rugged, and boxy appearance, it aims to compete with the Toyota RAV4 and Mazda CX-5. The Torres is powered by a 1.5-litre turbo-petrol engine in overseas markets, with an all-electric version also available.
Tesla Model 3
The Tesla Model 3, Australia's best-selling electric car in 2023, is receiving a refresh in 2024. With changes to its indicator and gear selector, the Model 3 continues to be a significant player in the EV market.
The Complete Car Release list 2024 A to Z
Alfa Romeo:
- Alfa Romeo Tonale Plug-In Hybrid - Expected in the first quarter of 2024.
- Alfa Romeo Giulia, Stelvio Quadrifoglio Facelifts - Pricing to be announced, anticipated in the first quarter of 2024.
- Alfa Romeo Tonale, Stelvio, Giulia Tributo Italiano Editions - Likely release in the second half of 2024.
Aston Martin:
- Aston Martin DB12 Volante - Pricing to be revealed, slated for the first quarter of 2024.
Audi:
- Audi Q8 E-Tron 50 - Scheduled for the first half of 2024.
- Audi SQ8 E-Tron - Pricing details to be announced in the second quarter of 2024.
- Audi Q4 E-Tron - Expected around mid-2024.
BMW:
- BMW iX1 eDrive 20, iX2 eDrive 30 - Pricing to be announced, launch set for the first quarter of 2024.
- BMW iX2 eDrive 20 - Planned for mid-2024.
- New BMW X3 - Expected release late in 2024.
BYD:
- BYD Dolphin Sport 'Hot Hatch' - Anticipated in the first half of 2024.
- BYD Seal U Plug-In Hybrid Mid-Size SUV - Set for the first half of 2024.
- BYD Plug-In Hybrid Ute - Orders open in the first half of 2024, with deliveries in the second half.
- BYD Electric Ute - Expected in 2025.
Cadillac:
- Cadillac Lyriq - Scheduled for late 2024.
- Other models like Cadillac Optiq, Vistiq, and Escalade IQ are yet to be confirmed.
Chevrolet/GMC (GMSV):
- Chevrolet Silverado 2500HD Facelift - Expected around December 2023 or January 2024.
- Chevrolet Silverado 1500 Updates - Imminent as a Model Year 2024 vehicle.
- Chevrolet Corvette E-Ray Hybrid - Planned for the second half of 2024.
- GMC Yukon Denali - Early 2025.
Chery:
- Chery Omoda 5 1.6-Litre Turbo, Tiggo 8 Pro, Omoda 5 Electric - Likely early 2024.
Citroen:
- Citroen C5 X Plug-In Hybrid - Expected in the first half of 2024.
Cupra:
- Cupra Born, Leon and Formentor Facelifts - Anticipated in the first half of 2025.
- Cupra Tavascan, Terramar - Expected in 2025.
Ferrari:
- Ferrari Roma Spider - Pricing to be revealed in the second quarter of 2024.
- Ferrari SF90 XX Stradale, SF90 XX Spider - Late 2024 and early 2025, respectively.
Fiat/Abarth:
- Abarth 500e Electric - Pricing to be announced in the first quarter of 2024.
Ford:
- New Ford Mustang - Pricing to be announced in the second quarter of 2024.
- Ford E-Transit Custom - Expected in the second quarter of 2024.
- Ford Transit Custom - To be revealed in 2024.
- Ford Puma Electric SUV - Sometime in 2024.
- Ford Ranger Plug-In Hybrid - Early 2025.
Genesis:
- Genesis GV80 Facelift, GV80 Coupe, G80 Facelift - Second quarter and mid-2024, respectively.
GWM:
- GWM Tank 500, Shanhai Cannon Ute - Expected early and mid to late 2024.
Honda:
- New Honda Accord - Timing to be confirmed, likely first half of 2024.
Hyundai:
- **Hyundai i30 Sedan N Facelift, i30 Sedan
Hybrid, Ioniq 5 N** - Scheduled for the first quarter of 2024.
- New Hyundai Santa Fe - Set for the second quarter of 2024.
- Hyundai i20 N Facelift, i30 Hatch Second Facelift - Expected mid-2024.
- Hyundai Tucson Facelift, Ioniq 7 - Planned for the third quarter and second half of 2024, respectively.
Ineos:
- Ineos Grenadier Quartermaster Ute - Anticipated in the first half of 2024.
Isuzu:
- Isuzu MU-X 1.9-Litre Diesel, D-Max MY24 Update - To be launched sometime in 2024.
Jaguar:
- Jaguar F-Type ZP Edition - Expected around February or March 2024.
Jeep:
- Jeep Wrangler Facelift - Due in April 2024.
- Jeep Compass Mild-Hybrid and Plug-In Hybrid - Scheduled for the second quarter of 2024.
- Jeep Gladiator Facelift, Avenger - Expected in the third and fourth quarter of 2024.
Kia:
- Kia Sorento Facelift, Sportage Hybrid, Carnival Facelift - Between December 2023 and the first quarter of 2024.
- Kia EV5 - Scheduled for sometime in 2024.
Lamborghini:
- Lamborghini Huracan Sterrato, Revuelto Hybrid - First and second half of 2024, respectively.
Land Rover:
- Land Rover Defender Pacific Blue Edition - Expected in May 2024.
LDV:
- LDV eDeliver 7 Electric Van, Deliver 7 Petrol/Diesel Van - Set for the first quarter of 2024.
Lexus:
- Lexus GX, LBX - Anticipated in the first half of 2024.
Lotus:
- Lotus Eletre, Emira Base Edition, Emeya - Second quarter and late 2024, and second half of 2024, respectively.
Maserati:
- Maserati GranTurismo, Grecale Folgore - Expected in 2024 or 2025.
Mazda:
- Mazda CX-5 MY24 Update, CX-30 MY24 Update - Set for January 2024.
- Mazda MX-5 Facelift, CX-90 Plug-In Hybrid, CX-80 - First half of 2024 and second half of 2024, expected in 2024 or 2025.
McLaren:
- McLaren 750S, GTS - Late 2023 or early 2024, and 2024, respectively.
Mercedes-Benz:
- Mercedes-AMG C63, E-Class Sedan, CLE Coupe, EQA, EQB Facelifts - Throughout 2024.
- Mercedes-AMG GLC43, GLC63 S E Performance, Maybach EQS SUV - Second quarter and mid-2024.
- Mercedes-Benz Vito Van/Tourer, V-Class, EQV, eVito Van/Tourer Facelifts, New AMG GT Coupe, CLE Cabriolet, eSprinter, EQG - Third quarter and second half of 2024.
MG:
- New MG 3, "All-New" MG HS, MG 5 Safety Upgrades, MG Cyberster - Sometime in 2024.
Mini:
- Mini Countryman C and S Petrol, Cooper E and SE Electric Hatch, Countryman JCW Petrol, E and SE Electric - First and third quarter of 2024.
Mitsubishi:
- New Mitsubishi Triton - Expected in February 2024.
Nissan:
- Nissan Qashqai e-Power Hybrid - Scheduled for the first quarter of 2024.
Peugeot:
- Peugeot 408, e-Expert Electric Van, e-208, New 3008, 2008 Facelift, 508 Facelift - Throughout 2024.
Porsche:
- Porsche Cayenne E-Hybrid, S E-Hybrid, Turbo E-Hybrid, Panamera Base, Turbo S E-Hybrid, 911 S/T, 718 Spyder RS, New Macan Electric - Throughout 2024.
Ram:
- Ram 1500 Facelift, 1500 REV Electric Pick-Up - Plans for Australia to be confirmed, coming after late 2024 US launch.
Renault:
- Renault Megane E-Tech Electric, Kangoo E-Tech Electric, Kangoo Petrol/Diesel, Arkana Facelift - Throughout 2024.
Skoda:
- Skoda Kamiq and Scala Facelifts, Enyaq iV, Octavia Facelift, New Kodiaq, New Superb - Throughout 2024 and early 2025.
SsangYong:
- SsangYong Torres Petrol - Expected in the first half of 2024.
Subaru:
- New Subaru Impreza, Solterra Electric Vehicle, BRZ MY24 Safety Update, BRZ tS, Forester MY24 Update, WRX Manual-Transmission Safety Upgrade - Throughout 2024.
Suzuki:
- Suzuki Jimny XL Five-Door, Fronx Small SUV, New Swift, Suzuki Hybrids - Throughout 2024.
Tesla:
- Tesla Model 3 RWD and Long Range Facelift, Model 3 Performance Facelift - Deliveries underway, unveiling due in the first half of 2024.
Toyota:
- Toyota BZ4X, New C-HR, HiLux Mild Hybrid, New Prado, New Camry - Throughout 2024.
Volkswagen:
- Volkswagen Touareg Facelift, Touareg R, ID.4 and ID.5, T-Cross Facelift, Crafter Update, Multivan T7 FWD Diesel, ID. Buzz, New Transporter, Caravelle, Multivan T7 4Motion AWD Diesel, New Tiguan, Golf Facelift - Throughout 2024 and early 2025.
Volvo:
- Volvo EX30, EX90, Electric Sedan - Throughout 2024.
Will car prices drop in 2024 Australia
In 2024, the Australian automotive market is expected to experience a significant shift in used car prices. According to Moody's Analytics, there's a forecast of a near 10% drop in used car prices for the year. This trend is attributed to the improved supply of new cars, which has been driving down the prices of used vehicles. The reduction in used car prices follows a decline that began in 2023, and the trend is anticipated to stabilize in 2025. However, it's important to note that this forecast could be impacted by various economic factors, and the actual price changes might vary depending on the global and Australian economic performance.
For the new car market, Toyota Australia anticipates a decline in overall new car sales in 2024. This prediction is based on the market's performance in 2023, which reflected pent-up demand following previous supply constraints. Despite this expected market contraction, Toyota aims to grow its sales and market share in 2024, leveraging strong supply in the first quarter and healthy order banks. The overall Australian new car market in 2024 is forecasted to return to pre-COVID levels, estimated to be around 1.05 to 1.1 million units.
These insights suggest that while the automotive market in Australia is adjusting to post-pandemic conditions, potential buyers may find more favourable conditions, especially in the used car segment. However, it's also wise to remain cognizant of market dynamics and external economic factors that could influence these trends.
What is the wait time for new cars in Australia
As of 2023 and heading into 2024, the wait times for new cars in Australia vary significantly depending on the brand and model. For instance, Toyota vehicles generally have some of the longest wait times, with models like the Toyota Land Cruiser, Kluger, Corolla, C-HR, and RAV4 Hybrid having wait times ranging from several months up to two years in some cases. On the other hand, brands like GWM and LDV have much shorter wait times, often under a month.
In terms of specific models, the Toyota Land Cruiser has one of the longest wait times, averaging at 277 days. Conversely, there are models like the MG HS and Suzuki Swift which have very short wait times, around 11 to 14 days.
The wait time for a new car in Australia largely depends on the make and model, with popular vehicles facing extensive wait lists that can extend to six to eight months or even close to a year. Factors such as global supply chain challenges and semiconductor shortages have contributed to these extended wait times.
However, it's also important to note that some models are available much more quickly, particularly those that aren't in high demand. For example, certain variants of the Skoda Kamiq and Mazda CX-30 have wait times as short as one month.
In summary, while new car lead times are starting to get shorter going into 2023 and 2024, most popular models still come with significant wait times. Yet, if you're flexible with your choice of car, there are options available with much shorter wait periods
Is there a shift to electric motors in 2024?
The Australian electric vehicle (EV) market is indeed experiencing a significant shift, with a growing trend towards electric motors. The market is supported by increasing investments in EV charging infrastructure and government initiatives. For instance, substantial funding has been provided by the New South Wales government to accelerate the EV revolution, including the installation of charging stations.
This growth is also propelled by major automotive companies like Toyota, Honda, Tesla, General Motors, and Ford, which are investing heavily in EVs and their charging strategies. The Australian government has actively funded improvements to the EV charging infrastructure, contributing to this growth.
The demand for electric vehicles in Australia has seen a considerable increase. From about 21,000 new EVs purchased in 2021, the number grew to 40,000 in 2022. This growth is facilitated by state subsidies, new technology, new models, and increasing fuel prices. The Electric Vehicle Council reported that the number of EVs purchased in Australia increased by 86% in the past year, with 3.8% of all new cars bought being electric.
Looking ahead, the number of public chargers has risen, and fast chargers have increased significantly, indicating an infrastructure that supports the growing number of EVs. The diverse range of models available to consumers also contributes to this growth.
Overall, Australia's EV market is gearing up for further expansion, with a moderate consolidation owing to its competitive nature and the presence of a large number of players operating across the country. This shift towards electric motors is expected to continue, supported by government incentives, technological advancements, and a growing public charging network
Is A Used Car A better choice?
Choosing between a new and a used car depends on your priorities and financial situation. Buying a used car can be more cost-effective in several ways. They are generally less expensive upfront, have lower insurance rates, and suffer less depreciation, making them a better financial choice for many people. However, used cars might not be as reliable as new ones and often come with higher financing costs.
On the other hand, new cars offer the latest technology, safety features, and style. They are easier to shop for, usually come with warranties for peace of mind, and have better financing rates. But they are more expensive and depreciate more quickly.
If you're considering buying a car soon and can find a three-year-old used vehicle for significantly less than a new one, it may be wise to opt for the used car. However, if the price gap is small, a new car might be more appealing.
Summary
As we look forward to a revolution in the automotive industry in 2024, with an array of electric SUVs, sports cars, and sedans hitting the market, why not get a head start on finding your perfect ride? At Westside Auto, we offer a wide range of the best used cars in Australia. Whether you're after high-performance speed, an eco-friendly family ride, or a vehicle equipped with the latest tech for ultimate comfort and safety, we've got you covered. Don't wait for the future - embrace it now at Westside Auto. Visit us today and let's drive towards a greener, more exciting future together!
Frequently Asked Questions
What cars are being released in 2024?
In just four years, drivers everywhere can look forward to an array of incredible vehicles on the market. Car and Driver’s Future Cars and New Models Guide have given us a glimpse into what amazing car models we’ll be seeing in 2024, everything from electric cars to SUVs! Get ready for quite the thrill ride ahead!
What SUV is coming to Australia in 2024?
Kia’s EV5 electric mid-size SUV is set to enter the market in 2024, posing a challenge for competitors such as Tesla Model Y, Volkswagen ID.4, Skoda Enyaq and Ford Mustang Mach-E alongside Hyundai Ioniq 5 - so get ready Australia: you’re about to witness an electrifying revolution!
Will car prices drop in 2023 Australia?
It looks like car shoppers will have plenty of great deals to take advantage of in the near future, with used cars set for a price drop of 9.5% by 2023 and 8.7% more two years later before stabilizing again 2025.
What are the benefits of plug-in hybrid vehicles?
A plug-in hybrid car delivers an unforgettable driving adventure with increased gas mileage, decreased dependence on nonrenewable energy sources, and lower emissions. Combining both electricity and gasoline offers users the flexibility they need for their lifestyle!
How do electric SUVs compare in terms of range and charging times?
In 2024, electric SUVs are offering an impressive selection of driving distances. Some models provide up to 385 miles of range! And with their fast-charging capability, you can add 200 more miles in just 15 minutes. It’s incredible how quickly and far you can go nowadays, all thanks to these revolutionary vehicles.
