Sales of new vehicles in Australia fell in August compared to July, but are still on track to surpass 1.1 million units for the year as a whole.
According to the Australian Federal Chamber of Automotive Industries, the new car sales went down 0.5%, from 89,867 in July to 88,157 in August. Last year in the same month the sales were down 5.5%, but it is to be taken into account that 2014 had one less selling day in the last month of summer. In the year to date, sales are behind 2.5% compared to the same period in 2013, but are still at a solid pace of 1.106 million vehicles for the annualized rate.
The demand for sports utility vehicles is now at a steady pace after a high run, with sales only 0.1% up in August on a year earlier. However, the passenger vehicle sales remain weak, with a record drop of 11.2%. Sales of light vehicles grew 0.5%, while heavy vehicles have done better, with a gain of 0.5%.
Toyota Motor Corp takes the crown for sales in August, with a market share of 17.7%, being at the top of the auto ladder. The second place was a tie between General Motors Co and Hyundai Motor Co, both with a percent of 9.8. The third spot went to Mazda Motor Corp that had a 8.5% and Ford Motor Co gets the fourth position in the top auto sellers in August, taking 7.8%.
By Gabriela Florea
by Aurel Niculescu
) - Wednesday, September 3rd, 2014 - filed under Industry
, Sales Reports
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