New vehicle sales surge ahead in March

Media Release
5 April 2006

New vehicle sales surge ahead in March

The end of the financial year signalled another surge in new vehicle sales. Compared with February, new car sales for the month rose 19% to 7114 and new commercial vehicle sales, at 2629, were up a staggering 44%. Year to date March, total new vehicle sales rose 5.7% on the same period in 2005.

“The market has been posting new monthly records for the last four years,” said Perry Kerr, CEO of the Motor Industry Association. This was the biggest March for new cars since 1990, and the biggest for new commercials since 1985. Despite all the comments about a softening economy, new vehicle buyers continue to display a high level of confidence in the sheer value that’s on offer.”

Toyota continues to stretch its lead in the market share stakes, and although Ford finished ahead of Holden in March, Holden still holds second place year to date. In commercial vehicles, Toyota’s selling over double the volume of its nearest rival.

Commodore led Falcon and Corolla in the top model stakes in March, but Corolla still holds second place year to date.

ENDS

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