The Federal Chamber of Automotive Industries (FCAI) has reported sales of 87,102 new vehicles during the month of February 2019, representing a decrease of 9.3 per cent on the same period last year.
On a year to date basis, the industry reported 169,096 sales, or a decrease of 8.4 per cent over the same period in 2018.
“Given the current challenge economic conditions, including a downturn in the housing market, the automotive industry is not surprised by the slower start to the year,” Tony Weber, chief executive of the FCAI said.
The light commercial vehicle market is the only segment which reported an increase during February, with an upswing of 6.0 per cent. Other segments showed a decline, with the passenger vehicle market decreasing by 21.3 per cent and the sports utility market falling 6.3 per cent when compared to same period in 2018.
The three top selling vehicles in the market – the Toyota HiLux with 4,431 sales, the Ford Ranger with 3,377 sales and the Mitsubishi Triton with 3,155 sales, supported the increase in the light commercial vehicle market.
The top selling passenger vehicle was the Mazda3, with 2,655 sales during the month.
Source: https://www.fcai.com.au/news/index/index/article/560
