Australian sales post record for July image

Deliveries of new autos in Australia surged 2.7 percent last month compared to the same period last year, posting the best level on record for the month as consumer confidence continued to expand towards sport utility vehicles.

The Australian Federal Chamber of Automotive Industries’ VFACTS report announced July sales reached 92,308 units – surging from 89,865 vehicles for the same period last year. Deliveries though subsided from the level registered in June, which traditionally is a peak month as the dealers slash prices and lift incentives to get rid of the remaining stock as the close the financial year. July sales fell 26.7 percent compared to June. Sport utility vehicles and crossovers had another booming month as the segment’s deliveries jumped 13.4 percent compared to July last year – but the situation in turn worsened for the passenger cars as their drop continued with a decline of 4.7 percent. Demand for light commercial vehicles was also positive, with growth registered for the fifth consecutive month and deliveries climbing another 4.7 percent. Meanwhile, heavy vehicles took a slide of 3.4 percent.

Toyota Motor Corp. the largest company in Japan and the (interim) second largest automaker in the world held leadership position on the Australian market with a market share of 18.2 percent. Mazda came second with 10.1 percent and South Korea’s Hyundai Motor was third at 9.2 percent. The local Holden division of General Motors followed with 8.6 percent and Ford trailed them with 6.2 percent.

Via Reuters