Despite higher interest rates and soaring fuel prices, Australian new-vehicle sales in May increased marginally to 88,640 units from 88,597 year-ago, the Federal Chamber of Automotive Industries reports. Year-to-date, new-vehicle deliveries rose 4.0% from like-2007 to 436,154 units. The May result reveals a “2-phase” car market, the FCAI says, with the passenger-car sector down 2.5% to 51,416 units while the SUV and light-commercial segments continued to boom. Sales in the medium-SUV ...
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