Market Insight: Industry sales reach new heights

- Federal elections and periods of political and economic uncertainty can have a negative impact on consumer and business sentiment and, as a consequence, new-vehicle sales, but the booming Australian car industry is showing no sign of losing momentum and is well on its way to another record-breaking annual total of more than 1.16 million sales.

- With May turning out to be another month of solid growth – 96,672 sales were logged, up 3.6 per cent on May 2015 – the automotive industry is now preparing to post its highest-ever first-half sales as the juggernaut breaks into a mad rush in the next few weeks as we approach the end of the financial year.

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