Figures show sales rose 28.6% since February
March sales of 4881 new cars were 28.6% up on February while still down 23.3% on March 2008. New commercial vehicle sales were 23.8% up on February but 37.2% down on the corresponding month last year.
“If we’ve reached the bottom then this is good news for the industry, as the only way from here is up,” said Perry Kerr, CEO of the Motor industry Association.
“Our new vehicle market is showing considerable resilience in the face of the most negative economic cycle the world has seen since the 1930s,” Kerr said. “The Australian new vehicle market was down 20% in March compared to March 2008 (similar to ours), but in the USA it was down by over 40%."
Toyota continues to dominate both the new passenger car and commercial vehicle markets, but March saw Hyundai finishing second in passenger car sales for the month, with Ford third with 535 new passenger cars.
Corolla continues as the top-selling individual model, extending its YTD lead over Commodore with the Ford Focus remaining as the third best selling model.