12 Apr Vehicle sales rise 1.6% year-on-year
Businesses and consumers are buying vehicles in strong numbers, despite supply chain difficulties.
A total of 85,340 new vehicles were sold in February, according to the Federal Chamber of Automotive Industries (FCAI). That was 12.5% higher than the month before and 1.6% higher than the year before.
FCAI chief executive Tony Weber said those sales volumes were positive given supply chains are still not fully stabilised from the impacts of the pandemic.
“Global supply chains for microprocessor units are still some distance from full recovery, so we are pleased to see this small increase on 2021 figures,” he said
“The consumer demand for new cars in Australia remains strong, and manufacturers are continuing to work hard to get cars into the hands of motorists.”
Compared to the year before, sales increased for both light commercial vehicles (+12.3%) and heavy commercial vehicles (+7.3%), but fell for passenger vehicles (-18.3%).
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