Production in the Australian car industry has fallen to a record 61% low after the global financial crisis in 2009 and natural disasters in 2011. The consumers in Australia have treated themselves with cars, SUV’s and luxury cars from overseas. The official Federation of Federal Chamber of Automotive Industries shows a 2% dip in the automotive sales when compared with last year sales. Only two of the top ten brands, Hyundai and Subaru, have shown significant sales than the rest. It is said that Australia is in the seventh consecutive year with more than 1 million car sales.
The chief executive of the Federal chamber of Automotive Industries Tony Weber says that the reason is mainly because of the prices of luxury cars coming down and with availability of a broad variety of cars in different segments of the market. The other reason attributed is that Australia is in the 23 year of economic growth and people want a difference in their standard of living. This could be a reason for more SUV’s sales in 2014, amounting to 30% of the car market, and a reflection for flexibility these vehicles afford and their availability in more variety in the markets.
Bilal Sajjad is a full-time writer who loves to write about new cars, classic cars and good at writing about cars racing as well.
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