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The ABS ceased its new car sales report in December. However, the Federal Chamber of Automotive Industries (FCAI) still provides monthly sales data at the national level, which reveals that new car sales tanked in July, with luxury demand plummeting:
According to FCAI:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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