SALES SLUMP
Australian cars sales rose only 0.9 per cent last year, the worst growth rate for five years, the N.Z.P.A. reports from Sydney. The supply of locallybuilt cars exceeded the demand.
To make matters worse for Australian manufacturers, it was the light-car sector of the market—which includes many built-up models from Japan—which did best, with a growth rate of 5.1 per cent.
The market for mediumsized cars, on which the Australian manufacturing industry is based, dropped by 1 per cent. Japanese cars had a dramatic 16.2 per cent increase in sales—an increase of 12,000 Japanese
cars during the year, when the total new-car market rose by only ,4500 cars.
General Motors-Holden had 33.4 per cent of the new-car market during the year, Ford had 22.3 per cent, Japanese cars had 182 per cent, Chrysler had 11.4 per cent, and British Leyland cars had 6.7 per cent.
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Bibliographic details
Press, Volume CXII, Issue 32838, 11 February 1972, Page 7
Word Count
147SALES SLUMP Press, Volume CXII, Issue 32838, 11 February 1972, Page 7
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