May furthers Australia’s segment restructuring

SUVs and LCVs continue to propel the Australian light vehicle market, but their momentum has been dampened by a significant decline in the passenger car segment in May. According to Autoteam Australia Consulting's VFACTS May report, overall new light vehicle sales contracted 1.3% year-on-year to 93,327 units, leaving year-to-date sales up 2.5% thanks to growth seen earlier in the year.