The Australian auto industry is optimistic the long sales slump may be coming to an end after May new-vehicle deliveries declined a relatively modest 14.9% to 75,439 units from year-ago. The result was up 17.9% from the 63,965 vehicles sold in April, and the Federal Chamber of Automotive Industries says increased business-related purchases provided a much-needed confidence boost to the market. Sales in the year’s first five months declined 19.2% to 352,374 units. “The May figures ...
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