Australian new-vehicle sales are racing toward the 1 million-unit annual mark for a third time, after a 1.7% increase in November to 87,342. In the year’s first 11 months, deliveries were up 11.8% to 948,987 units, the Federal Chamber of Automotive Industries says. “These figures show new-car sales continue to outperform other economic indicators, including retail spending and business investment,” FCAI CEO Andrew McKellar says in a statement. Much of the strength of the market can be ...

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