CANBERRA – New-vehicle sales in Australia softened slightly in May to 83,457 units, leaving year-to-date deliveries down 2.8% at 383,712. Daily sales of 3,126 units were up from April's 3,120, but slipped from year-ago's daily selling rate of 3,258. “When considered against the backdrop of recent high fuel prices and last month’s interest rate rise, the performance of the motor-vehicle market is very encouraging,” Federal Chamber of Automotive Industries CEO Peter Sturrock says. He ...
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