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Adrian PatonNew Vehicle Sales in Australia falls (July 2008)
August 7th 2008 00:15
The record breaking run had to end somehow.
New vehicle sales in Australia has eased with the latest and official VFACTS figures released by the Federal Chamber of Automotive Industries (FCAI) showing that 83,976 cars, trucks and buses were sold in July - down 2,315 vehicles (2.7%) compared to the same period last year. For the record, June 2008 saw a record of 106,541 new vehicles sold.
FCAI chief executive Andrew McKellar explained: "Higher fuel prices, interest rates and the wider economic uncertainty have resulted in a slowing of people heading to showrooms,"
Mr. McKellar also made special note of the impact the proposed luxury car tax increase has had on the sale of new cars in this country.
"The proposed tax hike has had a devastating impact on new car sales," Mr McKellar said.
"It is clear that the downturn has been exacerbated by the impact of this unfair tax hike, and the industry has significant concerns that orders will continue to be affected in coming months,"
"If this situation continues, the government will not receive the additional revenue it had projected and there is a real risk that it will cost jobs,"
"In these circumstances, one would have to question why the government would pursue this tax increase," he said.
"It is clear that the downturn has been exacerbated by the impact of this unfair tax hike, and the industry has significant concerns that orders will continue to be affected in coming months,"
"If this situation continues, the government will not receive the additional revenue it had projected and there is a real risk that it will cost jobs,"
"In these circumstances, one would have to question why the government would pursue this tax increase," he said.
Despite the blip last month, year-to-date wise, the car market is still up by 2.6 per cent on the same time last year, which you may recall, was an all-time record year.
2008 is turning out to be a vintage year for Japanese giants Toyota who remained the top selling marque in July with a 24.4 per cent share of the Aussie new car market - Holden is second with 13.3 per cent and Ford, in third place, with 11.3 per cent.
These percentages translates to actual sales figures of 147,961 vehicles sold for Toyota followed by Holden with 78,271 and Ford with 63,933 vehicles on a year-to-date basis.
[Source: FCAI]
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