New vehicle sales in Australia dropped slightly in March 2013

Article by Anita Panait, on April 16, 2013

New vehicle sales in Australia dropped 0.6 percent in March 2013. According to figures released Tuesday by the Australian Bureau of Statistics, carmakers only posted seasonally adjusted new vehicle sales to 95,113 in March, from 95,716 in February. The March decline marks the third straight month that a drop in new vehicle sales was logged.

New vehicle sales in January and February 2013 dropped 2.1 percent and 0.1 percent respectively. The drop in new vehicle sales in March 2013 was mainly attributable to the decline in sales of other vehicles, like trucks, which dove 9.1 percent. While sales of passenger vehicles surged 3.3 percent in March 2013, sales of sports utility vehicles dropped 0.5 percent after a strong run.

Data released by the Australian Bureau of Statistics contrasted with industry figures that were published earlier this month, showing a 4.7-percent monthly increase in new vehicles in March 2013, adjusted for seasonal factors. It should be noted that March this year had three fewer selling days than March 2012. New vehicle sales in Australia in March are still topped by Toyota, followed by Mazda, Nissan and Hyundai. General Motors’ Holden unit is fifth, followed by Ford.

Topics: australia, sales

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