Australian Small Cars Fuel Record January Sales

Australia’s new-car sales reached a record 76,936 units in January, a 9.9% increase over like-2006, fueled by the continued popularity of small cars.

Light-car sales rose 14.3% to 10,417 units, while small-car deliveries jumped 26.3% to 19,725.

“This is a long-term trend beyond (gasoline) price volatility; part of a fundamental shift in consumer preferences that’s been gathering momentum for a couple of years,” Peter Sturrock, Federal Chamber of Automotive Industries ...