Australian new-vehicle sales showed improvement in September, slipping only 3.5% to 78,131 from year-ago’s 80,938. But the positive momentum may hit a road bump, as the industry faces an unexpected increase in the central bank’s interest rate this month. September “was a good month, with a stronger-than-expected result,” Federal Chamber of Automotive Industries CEO Andrew McKellar says in a statement. New-car sales reached 47,284, down 3.2% from prior-year’s 48,858, while ...
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