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Vehicle sales Softer in March

Official VFACTS data released by the Federal Chamber of Automotive Industries (FCAI) shows that 93,984 new vehicles were sold in March 2011, down by just under 1 per cent compared with the same period twelve months ago. 

"Notwithstanding slightly lower sales during the month, the demand for new vehicles is broadly consistent with other retail and consumer demand indicators," FCAI Chief Executive Andrew McKellar said.

"The reality is the overall level of new vehicle sales remains robust and remains well above 1 million units over the past 12 months," he said.

Toyota was the market leader in March (18,466 units), followed by Holden (10,816 units) and Ford (8,698 units).  Year-to-date Toyota leads Holden with a margin of slightly in excess of 7 percent market share.

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