New Vehicle Sales in Australia Up 7.6% in April image

New vehicle sales in Australia increased 7.6% in April, although industry data might have been distorted by the timing of Easter holidays.

According to the Australian Federal Chamber of Automotive Industries VFACTS total vehicle sales in Australia reached 85, 117 units, compared with 79,097 units during the same period last year. But since this April had 3 more selling days, this means that sales per day actually decreased 5.9%. The Easter holiday also made it harder to compare monthly sales with April down 12.6% compared with March’s strong 97,400 result.

From January to April sales increased 5.6% compared with the same period last year, taking the annual pace growth at a record 1.132 million. Demand for SUVs remained high in April up 11.1%, as vehicles have become more affordable due to low interest rates on vehicle loans, solid household income growth and high local dollar.

Toyota kept its place as best-selling automaker in April with a market share of 19.9%, while GM’s Holden units recovered to 9.4% taking the second place, followed by Mazda with 9.2%. The fourth place was taken by Hyundai with 8.6%, followed by Ford which managed to take back some lost ground to 8.0% of the market.

Source: Reuters