Australia Auto Sales Flat in February, Up Sharply on Year image

Even if auto sales in Australia were flat last month, they still reached the highest level for February and a strong increase from February 2012.

According to data from the Australian Bureau of Statistics new vehicle sales last month remained at the same level with those in January, at a seasonally adjusted 95,708 units, after a 2.2% fall in January. But sales were still up 9.4% compared with February 2012. Sales of SUVs slowed after several strong months, increasing only 0.3% last month, but still 19% higher from February 2012.

The passenger vehicle segment fell 1.0% last month and sales of other vehicles, including trucks and buses, dropped 1.7%. Toyota took the first place in sales with a share of 17.8%, followed by Mazda with 9.7% and Nissan with 9.1%, a rarity to see Japanese automakers holding the top three spots. GM’s Holden unit took the 4th place with 8.5% and Hyundai with 8.3%.

According to the Australian Bureau of Statistics new vehicles sales dropped 2.4% in January to 95,694 vehicles, after an increase of 2.7% in December. Still sales were 11.3% higher compared with January 2012. In 2012 sales in Australia reached a new record of 1.11 million vehicles, up 10.3% compared with 2011.