Almost 3.5 percent from Australian new car market has been turned down in September. Needless to say that recovery in fact will not happen overnight. However, the September result of 78,131 cars is an improvement over the year-to-date run of the market which is down by 13.1 per cent after three quarters for a running total of 681,974.
VFACTS figures show the September market held up relatively well given that the government business tax incentive stimulus, which pulled sales forward to the peak month of June, has lost some of its steam.
Nonetheless, September figure demonstrate signs of consolidation in the new vehicle market said Andrew McKellar an FCAI Chief Executive.
“Some areas of buyer confidence remain fragile and an interest rate rise is premature,” he said. Economic stimulus has resulted in positive business sales but private buyers need the confidence to return to showrooms in larger numbers.”
While most car-makers lost ground in September, Hyundai again defied gravity by growing a massive 76.2 per cent compared with September of 2008.
The price-conscious brand appears to be capitalising in a positive exchange rate with South Korea, combined with successful marketing, selling 5484 cars in September compared with 3113 in the same month of 2008.
Its i30 small car achieved 1818 sales in September – a 136 per cent increase over its 769 sales tally in September 2008.
Source: http://goauto.com.au/mellor/mellor.nsf/story2/0AAD34E96E99D1E5CA257646007BB9EA
1 Comment | Add your own
Yeah… the above article is true to its value… moreover it is been seen that the turnover and the shares for the automotive sector is going down day by day.. the reason might be the past recession in the world again the the environmental conditions which does matters a lot really..
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