Australia new vehicle sales up 6.2 percent in August image

Sales of new vehicles in Australia reached 93,552 units in August, an increase of 6.2 percent over the same month last year.

The Australian Federal Chamber of Automotive Industries (VFACTS) report showed total vehicle sales in August were 93,552, compared to 88,082 in the same month last year.

Sales were fueled by big gains in the sports utility and commercial vehicle sectors, according to industry data. Sales of sport utility vehicles continued their strong growth with a rise of 18.6 percent over August 2011. The light commercial market was also strong with a rise of 19.1 percent, while the heavy truck market increased 11.7 percent, pointing to solid business investment.

In the first eight months of this year, sales reached 728,047 units, up 9.4 percent on the same period last year. August sales were stronger than in July, an indicator that consumers still have the confidence to buy expensive items.

Australia’s top carmaker in August was once again Toyota, with a market share of 19.2 percent. The second spot went to Holden, GM’s Australian subsidiary, with 12 percent of the local market. Hyundai and Ford tied with 8.3 percent of the market, while Mazda was fourth with 8.2 percent.