Australian automotive industry set for stable 2010

“To sell that number of new vehicles during a turbulent twelve months is a very good achievement,” VACC Senior Manager, Government and Public Affairs, David Russell said.

“880,000 new vehicle sales was the target figure for 2009 so to surpass this is a tremendous effort by all concerned.

“Once again, the Australian Automotive Industry has proved to be resilient.”

“Today’s figures are a reflection of the determination and flexibility of the Australian work ethic. They also serve as a reminder of the importance of the Automobile Industry to the Australian economy.

“The vehicle manufacturing, retailing and repair industry employs over 250,000 Australians and is a substantial economic multiplier. A good year in new car sales supports many Australians and contributes over $100 billion to the national economy.

“Manufacturers, unions, dealers and consumers should be congratulated on their contribution to the 2009 new vehicle sales figures. And the Government too has played its part well by providing business tax incentives, which stimulated the market.

“Looking ahead, the January 1st tariff reduction of 5 percent has made the new car market even more competitive, making it a good time for prospective buyers to visit their local dealer.

“Now the Automotive Industry is looking forward to continued improvement in 2010.

“A period of consolidation and stability will create an environment in which the Industry can confidently invest, employ and contribute to the economy,” Mr Russell said.