Australian sales of luxury vehicles hit a record high of 30,775 units in the 12 months through February, Commonwealth Securities Ltd. reports. “The recent recovery in luxury-car sales has potential to lead to a broader recovery in car sales and housing activity in the coming months,” Craig James, CommSec chief equity analyst, says in a statement. Luxury cars now comprise a record 5.1% share of all passenger-car sales in the country. Overall car affordability in Australia is the best ...

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