New Car Sales Are on the Rise
Sales of new cars are up 2.6% in January according to the Australian Bureau of Statistics. Falling car prices and increases in wages have helped to boost sales despite an increase in petrol prices.
However, the type of vehicle Australians are now buying has changed. Sales of 4×4s have declined while sales of small cars have boomed. The trend towards smaller cars does not look good for Mitsubishi as sales on their new 380 sedan remain flat.
It may have been significant that here in Hervey Bay last weekend the local Mitsubishi dealer was offering a 380 sedan at a discount price along with many other vehicles in the Mitsubishi range.
For more on the drop in 4×4 sales read ‘Is Subaru Killing the Romance’ over at Aussie Motoring
