ANZ Motor Vehicle Outlook September 2007

Front page of the ANZ motor vehicle report7 September 2007
Amber Rabinov and Mark Rodrigues, Economics@ANZ

Positive outlook for motor vehicle sales and Australian vehicle production in 2007-08.

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 February 2007.

Key points

• Total new vehicle sales for 2007 thus far (Jan-Jul) are 8.9% higher than for the same period in 2006.
• 2007 sales have lifted for all vehicle segments, with sales of SUVs performing most strongly. After hitting the magic million in financial year 2006-07, total annual sales will remain at high levels in 2007 and 2008.
• Australian-made vehicles continue to lose market share locally, although the prospects for improved export sales are good.

Read the full report by Economics@ANZ in PDF format (5 pages).