Sales up by 20%, as total car market down 13%

GST-reduced prices continue to drive increased sales
While sales of all passenger cars fell in October by 13% compared to the same month in 1998, Volvo sales were up by 20 percent.

This is the fifth consecutive month that Volvo sales exceeded those of last year, whilst it is also the fifth consecutive month in which the total car market underperformed compared to last year.

Mr Jan Eriksson, managing director of Volvo Car Australia, pointed to the fact that more and more commentators are predicting a continuation of a market slow-down, as car buyers put off car purchases until 1 July 2000 when prices will go down as GST is introduced.

"Our GST-reduced prices are obviously making sense to buyers. Volvo customers need not wait – they can buy a car now," said Eriksson.

Sales for the S40 and V40 continue to boom, with sales for the year to October up by 21% over last year.

The appeal of the new S40 and V40 1.8 offer of $39,950 has been further enhanced with a limited offer of $4,200 worth of equipment for only $1,000.