New car sales in Australia went up only 0.1 percent in February, the Australian Bureau of Statistics said on Monday. Overall 92,799 new vehicles were sold last month in Australia – after a 3.5 percent market contraction in January when 92,706 new vehicles were sold.
By region, the Western Australia are announced the largest increase in car sales (up by 4.1 percent), followed by South Australia (up 2.6 percent) and the Northern Territory (up by 2.3 percent).
In 2013, new car sales reached a record low of only just 1,136,227 units.
Situation in Australia is in the red area after Holden, the largest carmaker announced recently that will pull out of making cars in Australia completely, joining Toyota Motor Corp. and Ford Motor Co.
Last month Toyota said the company will stop building Camry, Camry Hybrid and Aurion models in the country – resulting in approximately 2,500 lost jobs. But overall – the end of making cars in Australia by Ford, Toyota and GM could cost up to 39,000 jobs, mostly in Victoria and South Australia – 11,120 direct jobs and more than 28,100 jobs in the car component supply chain.
But according to a study from the National Institute of Economic and Industry Research, by 2020 Australia could suffer an annual shock of $8 billion and more than 90,000 workers are expected to lose their jobs.
by Mircea Serafim
) - Monday, March 17th, 2014 - filed under Industry
, Sales Reports
. Image credit: .
Discuss: Australia: New car sales up 0.1 pt in February