Tuesday, May 3, 2016

Australia new vehicle sales a record for April-VFACTS

SYDNEY, May 4 (Reuters) - Australian new vehicle sales

boasted their busiest April on record with another strong result

for commercial vehicles pointing to solid business investment in

the month.

The Australian Federal Chamber of Automotive Industries'

VFACTS report on Tuesday showed total sales were 87,571 in

April, up 7.2 percent on a year earlier.

Australians spend around A$20 billion on vehicles annually,

equal to almost 9 percent of household consumption. The strength

of demand is a

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