February’s new-vehicle sales in Australia jump 5.2% to 90,218 units

Article by Anita Panait, on March 7, 2013

Carmakers posted a 5.2-percent year-on-year increase in new vehicle sales in Australia in February 2013 to 90,218 units from 85,723 units in the same period in 2012, according to data from the Australian Federal Chamber of Automotive Industries’ VFACTS report. Monthly growth over January 2013 was 5.6% in original terms, while after seasonal adjustment sales were flat.

Carmakers in Australia logged an 8.1-percent growth in sales for the first two months of 2013, placing the annualized pace of growth at a record 1.135 million. Commercial and sport utility vehicles also remained in demand in Australia in February 2013.

Carmakers posted a 14.2-percent hike in sales of sport utility vehicles and a 27-percent jump in sales of light commercial vehicles in Australia. The strength of vehicle sales in Australia is in deep contrast with the weak retail spending, perhaps due to the attraction of customers to low interest rates on car loans.

A high local dollar has been making prices low for imported cars. Toyota grabbed the seat as the top-selling carmaker in Australia with a share of 17.8%. Toyota is followed by Mazda with 9.7% and Nissan with 9.1% – giving the Japanese carmakers the top-three spots in the country. The Holden unit of General Motors is fourth with 8.5%, and Hyundai is fifth at 8.3%. Ford only holds 7.3% of the Australian car market.

Topics: australia, sales

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