February market corrects slightly after boom Jan

Media Release
5 March 2007

February new vehicle market corrects slightly after boom January

New vehicle sales in February fell slightly behind the cracking pace set in January, but year to date, new car sales were 2.6% ahead of January and February 2006.

5790 new cars were sold in February, and although this was 1002 units less than January’s figure, it was still (after 2006) the second strongest February since 1990. New commercial vehicle sales in February totalled 1692, just 8 units behind January and underlining the consistent performance of this segment over the last four years.

“The year has started pretty well for the new vehicle industry,” said Perry Kerr, CEO of the Motor Industry Association. “Although February didn’t quite match the January rate, we’re expecting another good performance in the traditionally strong month of March.”

Toyota is already pulling well ahead of the other players in the total vehicle market, but in passenger cars Honda holds a surprising third place ahead of Ford after two months of the year.

Commodore has taken a narrow YTD lead over Corolla in the individual model stakes – in the first two months of the year each has sold well over double the volume of the third-placed Falcon.

Sheet 1: Top fifteen distributors, full year 2006, month of February and YTD 2007, total vehicles, new cars, new commercials.

Sheet 2: Top fifteen sellers by model, full year 2006, month of February and YTD 2007, top ten rental cars February 2007.

See...
February 2007 Sales Tables
Registration Data 1975 Onwards

ENDS

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