Booming July for new vehicle market

Media Release
4 August 2007

Booming July for new vehicle market

The new vehicle industry is celebrating its strongest July for two decades. 6382 new passenger cars were sold last month, making it the biggest July since 1987. New commercial vehicles performed even better, the 2497 commercial vehicles sold making it the biggest July since 1985.

Year to date, the 2007 new vehicle market has moved ahead of the cumulative total at the same time in 2006. 43,387 new cars have been sold so far this year (0.6% up on 2006) and 14,667 new commercial vehicles have found owners (2.7% up).

“The continuing strength of the new vehicle market in the face of economic uncertainty is most encouraging,” said Perry Kerr, CEO of the Motor Industry Association. “It suggests that there is a strong and growing awareness amongst the public of the value, safety and environmental advantages of owning a new vehicle.”

Toyota continues to build on its position as top-selling brand both in passenger cars and commercial vehicles. Holden is in second place in passenger cars, but Ford’s strength in commercials is helping them to hang onto second for total vehicles.

Commodore is the top selling car model by an increasing margin, but an impressive second in July was Suzuki Swift.

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