Australia's vehicle sales declined 17.1% annually in March, a report from the country's Federal Chamber of Automotive Industries or the FCAI said Friday. During the month, a total of 75,650 vehicles were sold.

The FCAI's Chief Executive, Andrew McKellar noted, this result is certainly down on a year ago but the extent of the fall in the market appears to have stabilized somewhat in recent months.

In the first quarter, 212,970 vehicles were sold, representing a 19.2% drop from the same period in the previous year.

McKellar said, Given the impact of the global economic downturn, new vehicle sales for the first quarter of 2009 are around the level we would expect them to be.

In March, Toyota was the best selling brand, having a market share of 22%, and sales totaling 16,608 vehicles. This was followed by the Holden, with a market share of 12.1% and sales of 9,188 vehicles. Ford was the third most popular brand, having a market share of 10%, and sales of 7,570 vehicles.

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