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Market Insight: Industry sales reach new heights

Frontrunner: Toyota points to favourable economic conditions and vigorous competition as reasons behind the strong new-vehicle market overall, typified by its top-selling HiLux.

Sales juggernaut set to break into mad rush this month as car sector surges forward

Market Insight logo3 Jun 2016

- Federal elections and periods of political and economic uncertainty can have a negative impact on consumer and business sentiment and, as a consequence, new-vehicle sales, but the booming Australian car industry is showing no sign of losing momentum and is well on its way to another record-breaking annual total of more than 1.16 million sales.

- With May turning out to be another month of solid growth – 96,672 sales were logged, up 3.6 per cent on May 2015 – the automotive industry is now preparing to post its highest-ever first-half sales as the juggernaut breaks into a mad rush in the next few weeks as we approach the end of the financial year.

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GoAutoNews is Australia’s number one automotive industry journal covering the latest news, future and new model releases, market trends, industry personnel movements, and international events.