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 CEO, says. Toyota ...

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