Aussies buy new cars in record numbers

The new vehicle market in Australia last year posted its second highest annual sales figure and recorded more than one million units for only the third time in history, new figures show.

According to official data released by the Federal Chamber of Automotive Industries (FCAI), 1,035,574 passenger cars, SUVs and commercial vehicles were sold in the 2010 calendar year, up 10.5 per cent on the 98,246 vehicles sold in 2009.

The FCAI also predicted that 2011 would be a year of consolidation with the prospect of further improvement on the growth achieved last year.

Aussies planning to buy a new vehicle this year could opt to compare car insurance in search of the best deals. Commenting on the sales figures, FCAI chief executive Andrew McKellar said the result was particularly encouraging given all the challenges of the year such as the prospect of higher interest rates, political uncertainty and the withdrawal of market stimulus.

"Consumers clearly recognised the safety and environmental benefits of upgrading to a new vehicle and in such a competitive market they were rewarded with good vehicles at good prices," he added.

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