The issue of high fuel prices is making its presence felt in the car industry with an increasing number of Australians choosing to switch from large to smaller cars, news.com.au reports.
The article cites an Australian Bureau of Statistics study that claims four wheel drive sales fell for the first time during the course of this year.
Overall new vehicle sales fell by 0.5 per cent in May this year; however, over the year until May vehicle sales were 6.6 per cent higher than last year.
As a result, 2007 is shaping up to be a record year for car manufacturers; economists say the industry is on track to break 2005’s sales figure of 988,269, the largest to date.
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