SALES FIGURES RELEASED by automotive data group JATO Dynamics for June 2009 show that the European market is continuing its slow recovery in vehicle sales.

While the market is down 10.3 percent at the mid-point of 2009, there has been a 15.7 percent improvement in monthly sales (June 2009 compared to January 2009), a trend that [...]

• 
• Comment
• Read More

THERE ARE SOME SIGNIFICANT undercurrents evident in the VFACTS figures, published by the Federal Chamber of Automotive Industries earlier this week, that might easily be overlooked.

The Australian economy has slowed, right? Not as much as developed economies elsewhere (which are mostly galloping backwards), but skating along on the edge of recession.

Well, tell that to the [...]

• 
• Comment
• Read More

VFACTS SALES FIGURES for June 2009 contain a few surprises, not the least the strength of the recovery in the light commercial market.

This segment, it would seem, is being fuelled strongly by the Federal Government’s 50 percent tax rebate on equipment purchases to eligible small businesses. And while it’s hard to say it is propping [...]

• 
• Comment
• Read More

Hero car for Honda, Accord Euro up 27.4 percent (VFACTS)

THE MOTOR REPORT POLL conducted over the month of May indicates an underlying softness in the new vehicle market, despite the strengthening new vehicle sales results for May reported by VFACTS.

Run for four weeks from May 6th, The Motor Report Poll sampled the views of respondents [...]

• 
• Comment
• Read More

ACCORDING TO THE latest data released by VFACTS and the Federal Chamber of Automotive Industries,  Australian new car sales are on the verge of a recovery - and its largely thanks to general improvements in the economy and the recent boost in tax incentives for businesses.

The decline in new car sales is certainly slowing, with [...]

• 
• Comment
• Read More

From May 25, under an enforceable ruling from the ACCC, new cars sold in Australia will have to clearly display the ‘drive-away’ price of vehicles advertised and on display.

While some manufacturers such as Hyundai, and more recently Holden, Mitsubishi and Chrylser Jeep (among others) have made ‘drive-away’ pricing a feature of [...]

• 
• Comment
• Read More

The Federal Chamber of Automotive Industries (FCAI) has released the latest VFACTS figures for the month of April, showing that new car sales slumped by a sizable 23.9 percent over the same period last year.

Total sales for April topped 63,965 vehicles, 20,096 fewer than April 2008.

It’s important to remember, however, that last year’s sales figures [...]

• 
• Comment
• Read More

The Victorian Automobile Chamber of Commerce has put out a call to the Australian Federal Government to offer tax breaks to private buyers in an effort to stimulate new car sales.

Business vehicle owners are currently able to claim a 30 percent investment allowance on their tax return, an incentive which will be reduced to 10 [...]

• 
• Comment
• Read More

The VFACTS figures for March 2009 are in and despite the overall Australian new car market having fallen by 19.2 percent compared to March sales 2008, sales of the two most popular locally-built large cars are doing okay.

Down, but definitely not out.

Compared to March 2008  sales figures, the Falcon and Commodore were down 14.3 percent and 11.1 percent [...]

• 
• Comment
• Read More

The Victorian Automotive Chamber of Commerce has put the acid on the state government to cut the cost of stamp duty on new vehicles, recommending the cuts in its pre-budget submission 2009-2010 to Victorian Treasurer John Lenders.

At present, Victorian car buyers pay stamp duty of $5 for every $200 on a new vehicle up to [...]

• 
• Comment
• Read More

How is your ratty old daily driver looking? If you happen to be a resident of the USA, it could soon be looking rather… lucrative.

A new bill has been introduced to the US Congress which would provide for a USD$5000 (AUD$7340) voucher to to be offered to car owners as an incentive to trade in [...]

• 
• Comment
• Read More

Official VFACTS data released today by the Federal Chamber of Automotive Industries (FCAI) shows that 70,241 passenger cars, SUVs and commercial vehicles were sold in February 2009, a drop of 19,657 vehicles compared to the same month in 2008.

January 2009 saw the market down 18.5 percent while February has seen a 21.9 percent drop in [...]

• 
• Comment
• Read More