MELBOURNE – Industry analysts cite low interest rates and rising consumer confidence as reasons behind the increase in new vehicle sales in Australia, up 10% year-on-year to 64,785 units in February. The figure is up 10.7% from January levels. Passenger car sales --about 66% of the total--rose 4.9%. Year-to-date, sales are up 12% to 123,352 units. Holden Ltd. continued its market domination in February with sales of 14,270 units, comfortably ahead of Toyota Motor Corp. Australia Ltd. ...
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