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Ferrari, Porsche gain from Australia car-sales boom

2016-01-10 05:26:37| Auto Dealers - Topix.net

Sales of new vehicles in Australia increased 3.8 percent to a record to 1.16 million last year, helped by a property boom. Sales of Ferrari cars rose by 48 percent to 167 sales in 2015, while Porsche sales jumped to 4,090 from 2,812, according to a report released Wednesday by the Federal Chamber of Automotive Industries in The Reserve Bank of Australia, which has cut interest rates to record lows, last year found a strong link between home-price increases and rising car sales.

Tags: australia gain boom ferrari

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