Australian new-vehicle sales hit their lowest April level in two years as deliveries dived 6.2% year-on-year to 80,710. The Federal Chamber of Automotive Industries blames significant public holidays during the month, including seven non-working days in the space of 10 days. Analysts also point to the federal budget to be announced May 13 that the government says will include draconian measures to reduce debt levels, including a possible tax surcharge on higher incomes. This has consumers ...

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