Figures released earlier this month by the Federal Chamber of Automotive Industries revealed that new car sales declined by 7.4% year-on-year in January:
Now, car loans are falling and arrears are rising. From The Australian:
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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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