Australia’s new-vehicle sales plunged 13.2% in May, shaken by a supply shortage resulting from the Japanese earthquake and tsunami, as well as weaker demand. Federal Chamber of Automotive Industries data shows deliveries fell for the third straight month to 77,406 units from 89,218 year-ago. “The underlying trend in new-vehicle sales has been softer over the past few months, and this is consistent with a range of other demand indicators,” FCAI CEO Andrew McKellar says in a statement. ...
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