Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Australia vehicle sales strong in Nov, set for record 2015

Published 03/12/2015, 12:00 pm
Updated 03/12/2015, 12:10 pm
© Reuters.  Australia vehicle sales strong in Nov, set for record 2015
GM
-
TM
-
005380
-
7201
-
7261
-

SYDNEY, Dec 3 (Reuters) - Sales of new vehicles in Australia rose 6.9 percent in November compared with the same period a year ago, a third month of strong gains that looked set to make 2015 a record.

The Australian Federal Chamber of Automotive Industries' VFACTS report on Thursday showed total sales were 98,639 in November, compared with 92,232 for the same month last year. Both months had the same number of selling days.

Sales were up 4.6 percent from October, reaching the highest ever November total.

The running total for 2015 rose to 1.06 million, 3.9 percent ahead of the same period last year.

Sports utility vehicles (SUV) extended their blistering run with sales up 16.2 percent on last year. Sales of passenger vehicles dipped 3.1 percent, while demand for light commercial vehicles jumped 16.0 percent. Sales of heavy vehicles rose by 8.7 percent.

The strength of commercial vehicle sales could be a harbinger of firmer business investment in the month.

Toyota Motor Corp 7203.T retained first place on the sales ladder with a market share of 18.7 percent in November.

Mazda Motor Corp 7261.T took second spot with 9.9 percent, followed by the local Holden unit of General Motors Co (N:GM) GM.N at 9.0 percent.

Hyundai Motor Co 005380.KS held 8.5 percent of the market, while Nissan 7201.T had an unusually strong month to take 7.3 percent. Ford F.N trailed with 6.4 percent.

Details of the VFACTS report in original terms:

Nov

Oct

m/m pct

Nov/14 y/y pct

Sales

98,639 94,321

+4.6

92,232 +6.9

Sales by Type:

Nov '15/Nov '14 Volumes

Change

Pct Change

Passenger Vehicles

-1,331

-3.1

Sports Utility

+5,032

+16.2

Light Commercial

+2,478

+16.0

Heavy Commercial

+223

+8.7

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.