The Australian car market has hit choppy waters after the release of last month’s numbers.
According to statistics released by the Federal Chamber of Automotive Industries (FCAI), new car sales decreased 5.5 per cent in August 2014, compared to the same period last year. Just 88,157 new cars were sold – down from 93,336 in 2013.
Recent statistics indicate that the Australian car market is one of the most competitive in the world and is beginning to pick up after a number of slow months.
The Productivity Commission’s final report for its Inquiry into Australia’s Automotive Manufacturing Industry has been released. In the report, the commission said relaxing the restrictions on imported second-hand vehicles into the country would have a number of benefits to consumers including lower prices, improved features and greater choice.
It seems that the Australian car market is in a world of its own, compared to the rest of the world.
For a number of years, the national market has been strong and despite the departure of several high-profile manufacturers, the momentum doesn’t seem to be slowing.
The latest car sales figures from the Federal Chamber of Automotive Industries (FCAI) have been released.
According to FBAI, 118,309 vehicles were sold last month, representing a 25 per cent increase from May, although this was slightly down on June 2013.