Latest figures from the Federal Chamber of Automotive Industries
indicate that 74,864 new passenger and commercial vehicles
were sold in January this year (2010). This represents an
11.6 % increase in comparison to January 2009.
One of the reasons for this increase is attributed to government
subsidies to the car industry. Although these figures are
not seasonally adjusted they provide the Australian market
with confidence at the onset of 2010.
On January 1st this year, the Australian government reduced
the new car import tariff from 10% to 5 %. This in turn
has prompted many car dealers to pass the savings on to
consumers.
Confidence in a strong market is also reflected by the
Ateco Group, Australia's Ferrari importer, who has spent
$32 million on dealership building alone.
The price of a new Ferrari begins at $450,000. Recently
major banks have again decided to lend money for exotic
car purchases, and car
loans in this range are again available to selected
customers.
A large portion of the Australian car market belongs to
the following three car sellers: Toyota (19.5%), Holden
(14%) and Ford (9%).
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