CommSec Luxury Vehicle index: For around a decade, CommSec has been tracking an index of luxury vehicles. Changes at the ‘top-end’ of markets – vehicles, houses and other assets – have tended to lead activity more broadly. We update the latest trends in luxury vehicle sales.
Luxury vehicle sales: The CommSec index of luxury marques peaked in the 2016 calendar year with sales totalling 106,658 units. In 2017, luxury vehicle sales fell by 5.7 per cent and sales fell by a further 8.9 per cent in calendar 2018. There were 91,642 luxury vehicles sold in 2018 – a 3½-year low.
Home prices: The CoreLogic Home Value Index of national home price index fell by 1.1 per cent in December to be down 4.8 per cent over the year – the biggest annual fall in a decade. Home price growth started to slow from November 2016, around the same time that luxury vehicle sales started to soften.
More consumption smash.