Car loans join the Aussie consumer smash

Monday 25 February 2019

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.