Australia’s new-car sales rose in October for the first time in 16 months, providing fresh evidence of a broadening economic recovery. Industry sales climbed to 80,813, up 2.2% from year-ago, the Federal Chamber of Automotive Industries says. “This was a good solid monthly result with the welcome return of private, business and rental buyers in larger numbers,” FCAI CEO Andrew McKellar says in a statement. “This is the first month since June 2008 that sales have increased when compared ...
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