Australian new-vehicle sales passed the 1 million-unit mark for the fifth time in history, as 2012 deliveries rose 10.3% to 1,112,032, comfortably beating the previous record of 1.05 million set five years earlier. Federal Chamber of Automotive Industries CEO Tony Weber calls the result quite a feat in a global economy that has been under pressure in recent years. It also reflects that the Australian market is one of the most open and competitive in the world. “Reduced tariffs, ...

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