Australian new vehicle sales notch a record November-industry

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SYDNEY, Dec 5 – Australian new vehicle sales
posted a second consecutive month of solid gains in November,
with strong demand in the commercial sector pointing to a
continued pick up in business spending.

The Australian Federal Chamber of Automotive Industries’
VFACTS report out on Tuesday showed 101,365 new vehicles were
sold in November, up 2.5 percent on the same month last year.
Both months had the same number of selling days.

That total was a record for a November month and left sales
for the year to date running 0.6 percent ahead of the same
period in 2016.

Demand for commercial vehicles showed no signs of waning
with the light sector up 7.9 percent on November last year,
while sales of heavy vehicles surged 22.7 percent.

Sales of passenger cars extended their long decline with a
fall of 7.3 percent in November, losing share to sports
utilities which rose 8.6 percent.

Toyota Motor Corp retained first place on the sales
ladder with a steady share of 18.6 percent, while Mazda Motor
Corp grabbed second spot with 9.2 percent.

Hyundai Motor claimed 8.7 percent, followed by
the Holden unit of General Motors on 7.8 percent.
Mitsubishi took 6.6 percent, followed by Ford at
6.2 percent.

-(Reuters)