Australia Commercial Vehicles, Light Trucks, and Vans
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This report outlines Australia’s market for commercial vehicles specifically focusing on light trucks and vans. Light trucks are classified as “motor vehicles for the transport of goods not exceeding 5 tones” under HS Code 8704.21. Vans are classified as “motor cars and other motor vehicles principally designed for the transport of persons (not greater than 10 people) with a cylinder capacity greater than 1,500 centimeters cubed but less than 3,000 centimeters cubed” under HS Code 8703.23. The automotive industry in Australia is currently experiencing a boom. The Australian Federal Chamber of Automotive Industries forecasts new car sales to reach 980,000 by the end of 2005, which is an increase of 3% from 2004. Although the light truck market has experienced a 2.5 percent increase year-to-date, the van market is down by –1%.