Cars sales on track for record year
Corolla was the best seller for September with 3443 sales.
The Coalition's changes to industry policy, including the reversing of Labor's adjustments to the fringe benefits tax (FBT), have been cited as a key factor for a surge in buyer confidence. In a dose of good news for local manufacturing, Ford has announced it will return to full production of its Falcon and Territory variants on the back of a strong month.
According to industry figures released on Thursday, Australians purchased 92,622 vehicles for the month of September, bringing year-to-date sales to almost 850,000 - a 3.3 per cent increase on a record 2012 calendar year.
While the monthly result represents a 3.9 per cent decrease on September 2012, industry officials remain bullish about the prospect of a record year of sales given the election turnaround. Vehicle sales traditionally slow in the lead-up to an election.
"The announcement by the Coalition to return to pre-July FBT arrangements has been welcomed by the industry. We anticipate the market effect of this announcement will see positive growth throughout the rest of the year," Federal Chamber of Automotive Industries chief Tony Weber said.
The Toyota Corolla was the best seller for September with 3443 sales, edging out the Toyota Hilux (3341) and Mazda3 (3052). The new VF Holden Commodore finished fourth with 2869 sales - its best performance of the year.
Jeep continued its sales renaissance outside the top sellers, led by strong sales of its Grand Cherokee (1402).
The Ford Falcon enjoyed a significant turnaround in sales, recording 846 sales for September, up from its lowest-ever result of 573 for August, and the Ford Territory rose to 1130.
Spokeswoman Sinead Phipps said the result meant Ford would not schedule any more down days at its Broadmeadows plant.
The biggest year-to-date increases in demand were in the SUV segment (up 8.9 per cent), light commercials (up 5.2 per cent) and sports cars (up 20.6 per cent).
Toyota was the top-selling marque for September with 17,492 sales, ahead of Holden (9614 sales), Mazda (7615), Hyundai (8803) and Ford (7505).
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.Sign up for free