Income from motor vehicle sales continue to increase

Latest statistics show that income from motor vehicle sales continues to increase.

Although the statistics do not highlight the number of vehicles sold, there has been a significant growth in the level of income for motor vehicle traders through the sale of vehicles.

The sales revenue figure has jumped by $13 million from the year 2008 to 2010.

In 2008, revenue from vehicle sales in Fiji was $93.38 million, in the year 2009 the sales revenue went up to $97.08 million while last year revenue from vehicle sales stood at $106.36 million.

The highest sales revenue figure since 2008 was recorded in the first quarter of last year, and stood at $27.71 million.

All the four quarters of last year recorded higher sales revenue compared to the same period in 2008 and 2009.


Story by: Vijay Narayan