Australia new vehicle sales jump in February, led by surging SUVs
[SYDNEY] Australian new vehicle sales jumped by the most in at least a year in February thanks to booming demand for sports utilities, perhaps one side effect of falling petrol prices, the Australian Bureau of Statistics said on Monday.
The ABS data showed 95,737 new vehicles were sold in February, seasonally adjusted, up 2.9 per cent from January when sales had fallen 1.9 per cent.
Sales were also 4.1 per cent higher on February last year.
The pick up was led by a huge 10.5 per cent surge in sales of sports utility vehicles to a record 33,516 in February. Sales of passenger vehicles extended their long decline with a drop of 0.9 per cent, while other vehicles including trucks dipped 0.3 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources