Car sales recover after heavy slump
There was a glimmer of life in the Australian auto industry at the end of last year, with car sales up 1.8 per cent on the previous month in December.
Figures from the Australian Bureau of Statistics (ABS) have shown that a total of 77,039 vehicles were sold over the course of the month, with Canberra leading the recovery with seasonally adjusted growth of 4.1 per cent.
Queensland and Victoria weren’t far behind with sales increasing 3.7 per cent.
The figures come following months of concern about the ailing health of the industry after it was brought to its knees by the departure of GMAC from the car loans market.
And perhaps predictably, the ute spearheaded the recovery with 3.5 per cent more SUVs leaving forecourts around the country in December compared to the previous month.
Meanwhile, separate stats from the ABS have outlined a steady growth in the number of people buying motorbikes, with registrations rocketing 23.1 per cent in the last five years.