The Federal Chamber of Automotive Industries (FCAI) has released its new car sales figures for December, which revealed a heavy 14.9% decline in overall sales relative to December 2017, driven by a massive 26.3% decline in passenger motor vehicles (PMVs):
“New vehicle sales results in 2018 reflect a challenging climate across the Australian economy including a slowing housing market, tightening of money lending and the drought” Mr Weber said.