The economy finally catches up with the Australian auto industry as August sales dive 12.3% to 77,324 units from year-agoâs 88,206. VFACTS figures released by the Federal Chamber of Automotive Industries show the latest result leaves year-to-date new-vehicle deliveries up a scant 0.7%, to 703,995 units. âThe August downturn reflects the broader slowdown in domestic demand, which is largely attributable to previous interest-rate rises,â FCAI CEO Andrew McKellar says. The Reserve Bank ...
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