Newspaper article The Northern Star (Lismore, Australia)

Motor Vehicle Sales Grow in Oz

Newspaper article The Northern Star (Lismore, Australia)

Motor Vehicle Sales Grow in Oz

Article excerpt

Sales of new motor vehicles in Australia grew strongly in September, according to figures released by the Federal Chamber of Automotive Industries (FCAI).

Official VFACTS data shows 86,819 new vehicles were sold in the month of September, an increase of 2.1% (1765 vehicles) over the same month in 2010.

FCAI chief executive Ian Chalmers said two consecutive months of strong growth signalled a recovery in sales from Japanese manufacturers now that supply from the earthquake and tsunami affected area was beginning to stabilise.

FCAI is remaining firm in its forecast that 2011 will deliver Australia's fourth one-million sales year.

Mr Chalmers said the one million forecast was more challenging to achieve compared with the three previous million-sale years.

C[pounds sterling]Reduced sales in the second quarter of 2011 have set a challenging target for the final three months of the year, but industry resolve is high,C[yen] he said.

C[pounds sterling]Sales stimulus by means of competition in the marketplace saw the third quarter end strongly, and we are now looking toward continued growth through to the end of the year. …

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