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Australia's new vehicle sales up 3.4% year on year in Oct

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Sales of new vehicles in Australia rose 3.4 per cent in October compared with the same period a year ago, a second month of strong gains led by demand for sports utilities.

[SYDNEY] Sales of new vehicles in Australia rose 3.4 per cent in October compared with the same period a year ago, a second month of strong gains led by demand for sports utilities.

The Australian Federal Chamber of Automotive Industries'VFACTS report on Thursday showed total sales were 94,321 in October, compared with 91,235 for the same month last year. Both months had the same number of selling days.

Sales were down 7.0 per cent from September.

Sports utility vehicles (SUV) extended their blistering run with sales up 20.5 per cent on last year, with the small SUV segment up 37 per cent.

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Sales of passenger vehicles dipped 5.3 per cent, while demand for light commercial vehicles eased 1.9 per cent. Sales of heavy vehicles fell by 8.3 per cent.

Toyota Motor Corp retained first place on the sales ladder with an increased market share of 18.0 per cent in October. Hyundai Motor Co stole second spot with 9.5 per cent, passing Mazda Motor Corp at 9.0 per cent.

The local Holden unit of General Motors Co had 8.6 per cent, while Ford trailed with 6.5 per cent.

REUTERS

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