SYDNEY, July 15 Sales of new motor vehicles in
Australia jumped by the most in 10 months in June to hit a
record high, a sign consumers were upbeat enough to splash out
on big ticket items despite surveys showing subdued confidence.
Figures from the Australian Bureau of Statistics on Monday
showed new vehicle sales rose 4.0 percent to a seasonally
adjusted 97,687 in June, from 93,927 in May. The jump left sales
up 7.1 percent on June last year and a big acceleration from
The strength of demand for vehicles sits at odds with
measures of consumer sentiment and retail sales which have been
rather downbeat in recent months.
Sales of passenger vehicles increased by 3.7 percent in the
month, while those for sports utilities rose 2.7 percent. Sales
of other vehicles, including trucks, climbed 6.6 percent, which
came on top of a 4.0 percent rise the previous month and pointed
to solid business investment.
Earlier this month, the Australian Federal Chamber of
Automotive Industries VFACTS report showed total vehicle sales
were up 5.5 percent on June last year. Sales for the first six
months of 2013 were running 4.7 percent ahead of the same period
Toyota had retained first place on the sales ladder
in June, followed by the local Holden unit of General Motors
, Hyundai and Ford.