ANZ Motor Vehicle Outlook Feburary 2007
28 February 2007
Julie Toth and Amber Rabinov, Economics@ANZ
This report is part of a twice-yearly series that analyses emerging trends in the Australian market for new motor vehicles.
The last issue was released in August 2006.
- Total new vehicle sales in 2006 were down 2.6% from their 2005 peak.
- 2007 sales are trending back up for passenger cars but are expected to stay relatively flat for commercial vehicles. Total annual sales are unlikely to break through one million in 2007, but may do so in 2008.
- Australian-made vehicles continue to lose market share locally and internationally. Their domestic sales prospects look patchy, although in some cases this will be compensated by stronger export sales.
Read the full report by Economics@ANZ in PDF format (10 pages).