Auto sales in Australia increased in May due to strong demand for SUVs.
According to the Australian Federal Chamber of Automotive Industries VFACTS report auto sales in Australia increased 12.6% in May to 96,788 units, compared with 85,117 units sold in April. The sales increase in May after adjusting for seasonal factors was 5.1%, from with a rise of 0.7% in May 2012. From January to May sales increased 4.5% compared with the same period last year.
In May sales of SUVs remained high with an increase of 7.9%, mainly thanks to a strong household income growth, high local dollar and low interest rates for auto loans. The leader automaker in Australia sales was Toyota reaching a market share of 19.6%, followed by GM’s Holden unit with 8.6% and Mazda with 8.4%. Hyundai took 8.3% and Ford took the 5th place with 7.5%.
Details of the VFACTS report in original terms:
May Apr m/m pct May/12 y/y pct
Sales 96,788 85,117 +12.6 96,069 +0.7
Sales by Type: May '13/May '12 Volumes
Change Pct Change
Passenger Vehicles -1,519 -3.1
Sports Utility +2,134 +7.9
Light Commercial -165 -0.9
Heavy Commercial +269 +10.3