IF motor vehicle sales really are the barometer of a nation’s economy, Australia must be doing pretty well.
Data from industry statistician Vfacts shows record breaking sales in January with 88,551 sales – up 4.3 per cent on January 2017.
Market leader Toyota reported its best January in 10 years and other brands also claimed better than expected results.
‘Sales gains were recorded in all states and territories other than New South Wales which suffered a very minor dip of 0.3 per cent compared to January 2017,’ Federal Chamber of Automotive Industries chief executive Tony Weber said.
Sales in Queensland grew 9.8 per cent, the ACT had an 8.6 per cent gain, Tasmania 6.1, Victoria 5.8, Western Australia 5.2, South Australia 3.5% and the Northern Territory 0.5 per cent.
The passenger car market slumped by 3030 at the expense of the Sports Utility sector which soared by 3732.
Light commercials also had a good month with a 10.9per cent increase on the same period last year.
The nation’s top five best-selling vehicles in January were the Toyota Hilux (3860) followed by Ford Ranger (3260), Mazda3 (3201), Toyota Corolla (2776) and Mazda CX5 (2152).
Holden, Ford and Nissan were all down on their Jan 2017 figures while Hilux topped the individual model chart with a spectacular 43 per cent increase.