Australia: SUV and Truck Sales Boom in May, Cars Drop
Talk about everything being down under… Whereas in the States the market turned upside down in May with cars sales booming in the expense of SUV/Pick-Up trucks, in Australia, where gas prices are significantly higher, sales of SUVs were up by 2.3% in May while passenger cars were down by 2.5%.In particular, the medium SUV segment saw its sales rise by 16.8% compared to May 2007 and the large SUV segment, by 12%! From the beginning of the year, SUV sales in
Overall, and despite higher interest rates and spiking fuel prices, sales of new vehicles in Australia remained strong with official figures released by the Federal Chamber of Automotive Industries (FCAI) showing that 88,640 cars, trucks and buses were sold in May, an increase of 43 vehicles on the same month last year.
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