Australia Auto Sales Up 12.6% in May image

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
  Source: Reuters