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Home >> Business
UPDATED: 09:08, June 04, 2005
Australia's vehicle sales on record
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Australia's auto market in May posted its fifth consecutive monthly record of the year with the sale of 83,730 vehicles, or an increase of 7 percent year on year.

Figures released Friday by the Federal Chamber of Automotive Industries (FCAI) show the total sales of cars, sports utility vehicles (SUVs) and trucks went up 5.5 percent over last year.

"At the current rate of growth, the motor vehicle market is well on track to reach the Chamber's forecast of 980,000 sold by the end of the year," said FCAI Chief Executive Peter Sturrock, in a press release.

The boom in small car sales was the main driver of market growth in May with the number of small passenger cars sold rose 24.3 percent year-on-year.

Other major contributors to the growth included the medium car segment, up 27.6 percent, and the light car segment, up 12.3 percent.

The top sale of motor vehicle brand in May was Toyota, which sold 16,841 motor vehicles, accounting for 20.1 percent of the market shares. It was followed by Holden (15,465 and 18.5 percent) , Ford (11,177 and 13.3 percent) and a resurgent Mitsubishi (5,382 and 6.4 per cent).

Source: Xinhua


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