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The trend for new car sales was pushed into the black - thanks to strong sales figures in Victoria, as supply constraints continue to haunt manufacturers.
Victorian new vehicle sales improved by 5.5 per cent in February, indicating the state, and automotive supply chains, are slowly recovering from the COVID-19 pandemic.
A total of 85,340 vehicles were sold in February 2022, according to VFACTS data supplied by the Federal Chamber of Automotive Industries, representing a 1.6 per cent rise over the same period last year.
Victoria accounted for 22,177 of those sales, a jump of 1,150 vehicles over January, despite February having fewer days. Tasmania also posted solid growth, with its 1,561 sales representing a 16.6 per cent improvement over January.
SUVs remain the most popular vehicle type, with 43,472 sales representing almost half of the entire new vehicle market.
In that regard Australia is following the global trend that no-one expects to change and manufacturers are prioritising building hybrid and electric SUVs over conventional passenger cars in a bid to satisfy that demand.
FCAI chief executive Tony Weber says the signs are positive but warns the global market has not yet recovered.
“The consumer demand for new cars in Australia remains strong, and manufacturers are continuing to work hard to get cars into the hands of motorists,” he notes.