Australia Autos Report Q1 2017

LONDON, Dec. 18, 2016 /PRNewswire/ -- We are targeting further growth for the Australian new vehicle sales market in 2017, although the rate of growth will ease slightly from 2016's levels. We anticipate growth of 2.0%, with commercial vehicles (5.5%) to outperform passenger cars (1.0%).

Key Views

- Low interest rates and tax cuts continue to drive the Australian new vehicle sales market to fresh highs, with the country on course for another record-breaking sales year in 2016.

- In October 2016, Ford ceased local production of vehicles after over 90 years.

- We would anticipate the two remaining local automakers (Toyota and Holden) to offer strong sales promotions as they near the end of local auto production later this year.

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