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Vehicle affordability ‘at all-time high’

Matt Greenop · 0 comments

Vehicle sales have continued their upward trend, with growth up 6.8% compared to the same time last year.

Australians purchased 101,392 vehicles last month, with the year-to-date total at 862,832.

Sales were on the up for ACT, NSW, Queensland, Tasmania and Victoria, while NT, SA and WA recorded drops of 13.2%, 3.9% and 8.8% respectively.

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While NSW chalked up the best growth figure, with an 11.8% rise (3595), Queensland was up 7.9% and Victoria hot on its heels with growth of 7.8%.

FCAI chief executive Tony Weber commented that the figures suggest that vehicle affordability is at an all-time high.

“The phenomenal growth in the sales of SUVs also indicates the trend towards these vehicles has continued,” he said.

SUV growth was strongest in the medium size bracket at 27.2%, with small and large recording 24.8% and 20% respectively.

Toyota topped the market, with its Camry the outright model victor for the month. Toyota’s share of the market was 16.4%, Mazda followed at 10.7%, Hyundai and Holden next with 9.2% each and Mitsubishi with 6.8%.

Matt Greenop

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