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COPYRIGHT 2006 Asia Pulse Pty Ltd
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A PROFILE OF AUSTRALIA'S AUTOMOTIVE INDUSTRY
PREPARED BY ASIA PULSE ANALYSTS (UPDATED NOV 2006)
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OVERVIEW:
Sales of new cars and trucks in Australia rose five per cent in October, with the industry bouncing back from a mid-year slump, thanks to surging demand for light cars and encouraging sales of family sedans and sports utility vehicles (SUVs).
The Federal Chamber of Automotive Industries (FCAI) said 79,930 vehicles were sold in October compared to 76,118 for the same month a year ago.
The result took total sales for the year to 802,306, 2.8 per cent below the year-to-date figure at the same time in 2005.
OUTLOOK:
The FCAI is projecting an end-of-year total of 970,000, which will be the second highest on record.
"The October result suggests that the motor vehicle market may be pulling out of the slight decline of results in recent months and tallies with our prediction of a stronger fourth quarter following important new model releases," said FCAI Chief Executive Peter Sturrock.
He said the recent opening of the Australian International Motor Show in Sydney kicked off an intense period of sales and marketing activity running up to Christmas.
"...we believe that...
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