With recession knocking on the door, Australian new-vehicle sales in February fell 21.9% to 70,241 units from year-ago’s 89,898, as potential buyers ignored the lure of heavy discounting. Deliveries in the year’s first two months were down 20.2% to 137,320 units, from prior-year’s 172,168, the Federal Chamber of Automotive Industries reports. “This result is consistent with the trend of recent months and reflects the impact of broader economic conditions on the new-vehicle market,” FCAI ...
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