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As the country moves into recession mode, official VFACTS car sales figures are tipped to show a 3 per cent reversal of the depressed car sales market.
GM-Holden managing director and chairman, Mark Reuss, said yesterday sales were being bolstered by Federal Government's small business tax incentive.
“Some of the tax relief for small business is beginning to take hold,” he said.
“So you'll see the market off around 17 per cent rather than 20 per cent.”
Reuss also said that Holden dealer confidence was up but demand for large sedans, including the Commodore, has softened as buyers opt for smaller, more economical four cylinder cars.
Up until April, the overall local market had slumped 20 per cent on the back of the global financial crisis and shift away from large cars.
In year to date terms about 340,000 vehicles have been sold this year.
The Federal Chamber of Automotive Industries is forecasting a total market of around 855,000 sales this year.
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