NEW CAR SALES SLUMP CONTINUES
The Federal Chamber of Automotive Industries, the peak body for the automotive industry in Australia, has released new vehicle sales figures for the month of September 2019. According to Tony Weber, chief executive of the FCAI, new vehicles have now seen the eighteenth consecutive month of decreasing sales in the Australian market. “It is clear the slower sales rate the market is experiencing is in line with the broader economic environment in Australia. “Of particular concern to the industry is the restrictive regulatory lending conditions currently facing consumers,” Mr Weber… Read more