Australia: New-Vehicle Sales Up 4.1% in July image

New vehicle sales in Australia increased 4.1% in July, down from the record level reached in June.

According to the Australian Federal Chamber of Automotive Industries VFACTS automakers sold 90,235 vehicles in July, compared with 86,641 units sold in July 2012 and 118,758 units sold in June 2013. Sales during the first seven months of the year increased 4.6% compared with the same period in 2012, while annualized sales rose to 1,135 million units.

Demand for SUVs remained high, up 6.5% in July, while passenger vehicle sales were up 7.2%. Light commercial vehicle sales dropped 7.2%, while the heavy truck market increased 5%.

For July, Toyota managed to remain the sales leader with 19.3%, followed by GM’s Holden unit with 11.2% and Mazda on the third place with 9.4%. Hyundai took 8.3% of the Australian auto market and Ford trailed at 7.5%.

In June, auto sales in Australia reached a new record for the month with 118,758 units sold, up 22.7%. Demand was high especially in the SUV and light commercial segments, which rose 8.3% and 15.3%, respectively. The sales leader was Toyota, even if its market share was down 18.7%, followed by Holden, up 8.8%, Hyundai, up 8.3%, Ford, up 8.2% and Mazda, up 8.1%.

Source: Reuters