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Vehicle sales Continue to Outperform Other Economic Indicators

Official VFACTS data released by the Federal Chamber of Automotive Industries (FCAI) showed that 87,342 passenger cars, SUVs and commercial vehicles were sold in November, up 1.8 per cent (or 1,509 vehicles) on the same month in 2009.

“These figures show new car sales continue to outperform other economic indicators, including retail spending and business investment,” FCAI Chief Executive Andrew McKellar said.

“Much of the strength of the market can be attributed to the affordability of new vehicles, evidenced by the healthy sales to private buyers (up 9.6% in November),” Mr McKellar said.

Year-to-date, 948,987 vehicles have been sold, an increase of 11.8 per cent compared to the same period in 2009.

“It is now clear that total sales for 2010 will safely exceed one million units – only the third time this will have been achieved,” he said.

The SUV segment was again the strongest performer during November, recording an increase of 13.3 per cent; followed by passenger cars (up 5 per cent) and then heavy commercials (up 6.2 per cent).  The light commercial segment decreased by 18.9 per cent.

Toyota was the top selling marque in November with 19,911 sales; followed by Holden with 11,354 then, Ford with 7,844 units.

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Sheena Ireland, Communications Manager
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