Companies / Australia
Giants Disappoint, Minis Save The Day
December 2006 | BMI ViewDespite falling monthly sales for much of the year, Australia is still on track to record its second-best ever year of sales. Sales for the year to November stood at 885,603, down 2.6% y-o-y, but this should still meet the Federal Chamber of Automotive Industries' forecast of 970,000. In its recently published Australia Automotives Report, BMI takes a slightly more cautious view of 967,000 units, as the slowdown is expected to continue into December. There is hope for recovery, however, in the form of the light passenger car segment, which has grown by 20.9% y-o-y in the 11-month period, driven
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