Market Insight: Victoria driving record car market

- Victoria’s buoyant new-vehicle retail market is helping keep Australian motor vehicle sales above last year’s running rate, even though the state has taken a big economic hit from the death of the local car manufacturing industry over the past 12 months.

- While car sales in other major states have mostly marked time or slipped backwards, the southern state – where Ford, Holden and Toyota have all closed factories in the past 13 months – has achieved a state record of 278,675 vehicle sales to the end of October, a gain of 3.1 per cent or 8462 units on last year.

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