Photo: Toyota
While things are going very badly in Europe, the automotive market of Australia is doing very well. They are now experiencing an excellent period, and the sales numbers have reached a 14-month high point. The month of September marks a 14.4% increase in sales, when compared to the same time frame, last year.
Aside from cars, SUV sales were also up by 4.2%, selling 27,818 units, while passenger cars registered a 6.5% increase in sales. Trucks and other commercial vehicles only saw a 1.1% rise. This proves that people are willing to spend money on new vehicles, money which at first was thought they did not have.
According to Commonwealth Bank economist, Michael Workman, “The confluence of falling real prices for new cars, courtesy of the high Australian Dollar, lower finance costs and consumers keen to spend outside of traditional retail areas is good news for car sales, especially for car importers.”
The main manufacturers who brought about the rise were, of course, Toyota (a firm favourite with Aussie buyers, accounting for 18.3% of the sales), followed by Mazda, GM, Hyundai and Ford.
According to Commonwealth Bank economist, Michael Workman, “The confluence of falling real prices for new cars, courtesy of the high Australian Dollar, lower finance costs and consumers keen to spend outside of traditional retail areas is good news for car sales, especially for car importers.”
The main manufacturers who brought about the rise were, of course, Toyota (a firm favourite with Aussie buyers, accounting for 18.3% of the sales), followed by Mazda, GM, Hyundai and Ford.
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