VACC, the peak Automotive Industry body in Victoria, believes the tide is changing for the Australian Automotive Industry.
According to the official VFACTS new vehicle sales for May 2009, the number of sales is 11,474 up on the previous month.
“New and used car dealers are seeing some confidence returning to the market,” VACC Executive Director, David Purchase, said.
“The Federal Government’s increased investment allowance is helping to stimulate new car sales.
“And there are some good used car deals at the moment too because more people are now trading-in vehicles to take advantage of the increased investment allowance. There are a number of quality used cars now available to buyers who may not have the budget to buy brand new.
“As well as value for money, Licensed Motor Car Traders (LMCTs) offer a wide range of choice at competitive prices. They also offer protection to buyers which unlicensed traders and private sellers cannot.
“If you are considering buying a used car, you should visit your local licensed motor car trader and discuss the three month or 5,000km statutory warranty and clear title, which certifies that the vehicle is not listed as stolen or that money is not registered as owing on it.
“VACC, its new car dealers and used car traders believe the Industry is on the mend. Yesterday’s positive news from Holden and today’s improved new car sales have put a spring back in the step of those in the Industry. The Federal Government has played its part too by providing stimulus and incentive packages. There is still a way to go, and buyers should continue to take advantage of some of the great deals available for new and used cars,” Mr Purchase said.