Car sales skid as tax break ends

New vehicle sales slipped in January, when the scheme ended the tax breaks for small businesses, a series of powerful results, although sales are still in the same month last year.

The Australian Federal Chamber of Automotive Industries, deliveries to customers fell by 15.6 percent in January compared to the original terms in a record in December are at 74,864. Adjusted for seasonal influences, for the MO to a decline of 5.1 percent identified

The turnover was still up 11.6 percent in January last year, when the demand was hit by the global credit crisis, pointing to resilient consumer spending.

Sales were strong in the last months of 2009, largely due to a tax credit for the economy and a general improvement in consumer confidence.

Toyota once again took top sales position in January, but the stock slipped slightly to 19.5 percent from 20 percent. The Holden unit of General Motors in second place with 14.0 percent in January, while Ford was 9 percent.

Mazda has 8.9 percent of the market, while Hyundai is extending its gains to 8.3 percent reach.

''This is a good result and provides the market a confidence in the position of 2010,''FCAI chief executive Andrew McKellar said. Business''aankopen remained strong in January, with some buyers taking break of vehicles ordered last year, the activities of the federal tax administration.''

Mr McKellar said cars were more favorable, supported by price reductions for many imported vehicles.

The federal government reduced the tariffs on imported cars from 10 per cent to five per cent on 1 January.

''New-car buyers actually another "tax cut" and many brands have acted quickly to raise prices or reduce the characteristics of the vehicle,''said Mr McKellar.

As a result,''it is expected that these incentives for private buyers back to the market in greater numbers throughout the year.''