Archive for the ‘Australian Car Industry News’ Category

June vehicle sales show upward trend

The latest new vehicle sales data shows encouraging results with clear signs the market has been boosted by strong, additional demand from business sales, largely the result of tax incentive programs instituted by the Federal Government.

The Federal Chamber of Automotive Industries (FCAI) today released its industry sales summary for June 2009.

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Although year-on-year sales are down on last year’s all time record high, the 106,541 units sold represent a 36.3 per cent rise on the month of May, which seasonally adjusted translates to a 11.8 per cent gain. It is also the third highest sales month on record.

New Vehicle Sales Figures June 2009

New Vehicle Sales Figures June 2009

Toyota Australian sales strongest in a year

Toyota Australia has had its best month in a year this June selling 21,400 units.

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Toyota Australia senior executive director David Buttner said official figures due out on Friday are expected to show the June market was substantially higher than any other month during the financial year.

Holden posts $70.2 million loss

Holden has today announced a $70.2 million loss for the 2007-08 financial year.

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The big loss came after the company tallied up charges of $76.8 million that relate to the forthcoming closure of its Family II engine plant in Port Melbourne, Victora as well as a $50.3 million hit on employee’s superannuation as the financial crisis hit fund earnings.

Renault cuts back Aussie operation

The current tough sales climate in the Australian car market has led market minnow Renault Australia to cut back its local staff and re-evaluate its sales expectations, but there’s no suggestion it’s closing its local operations.

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Managing Director of Renault Australia, Rudy Koenig, told CarAdvice that the staff cutbacks had included the company’s public relations manager, Craig Smith, and left the French-based, majority owner of the Renault-Nissan Alliance, with about 20 staff in Australia.

Great Wall Motors release two models in Australia

Great Wall Motors will be the first Chinese manufacturer to release a vehicle in Australia when its two twin-cab utes go on sale tomorrow.

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The V240 (pictured above), which is available in 4×2 and 4×4 configurations, will be priced at $23,990 and $26,990 respectively while the SA220, available in 4×2 only, will go on sale from just $19,990 on road.

Govt makes ESC manadatory from 2011

The Australian Government has finally bitten the bullet on the life-saving Electronic Stability Control (ESC) technology, announcing that it will become part of the Australian Design Rules (ADR) from 2011.

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Holden, whose Chairman and Managing Director, Mark Reuss, is also the current President of the Federal Chamber of Automotive Industry (FCAI) has been quick to support the move.

Toyota halves profit on sales downturn

Australia’s biggest seller of cars, Toyota, has seen its profit cut almost in half during the past year as a result of slump in new vehicle sales.

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In its 50th anniversary year Toyota Australia has reported a net profit of $123.4 million for its 12 month financial period to March 31, almost half the figure of $242.2 million that its reported in the previous year.

2009 Jaguar XF – First Steer

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Jaguar XFR and XF Diesel S – First Steer

Let’s deal with those nasty, out of date rumour mills before we move onto the really good stuff concerning these two new Jaguar XF variants.

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Super smooth, super quiet and wickedly quick, Jaguar has pulled ahead of the German brands with these new XF cars.

Ford Australia posts $274m loss

Ford Australia has posted a substantial $274.4 million loss for last year but says much of that involves restructuring costs that will place it in a better position to move forward.

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Restructuring charges cost it $162.2 million and came as sales revenue fell 7.4 per cent, lead by a declining interest in the Ford Falcon large car, which has been the company’s mainstay in the past.

Honda Insight tops hybrid sales in Europe

Honda has today announced that its new Insight hybrid vehicle has sold more than any other hybrid or alternative fuel vehicle in Europe, using figures that take in sales in Turkey, Russia and Israel.

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Honda says the figures, obtained from Jato Dynamics, show that in its first full month of sales the Insight proved to be the most popular petrol-electric hybrid vehicle on the market.