The Federal Chamber of Automotive Industries (FCAI) has released its new car sales figures for August, which revealed a massive 10.1% year-on-year decline in overall car sales, with annual sales hitting the lowest level since October 2012:
From The AFR:
New vehicle sales in Australia plunged by 10.1 per cent in August as buyers struggled to obtain finance for cars, extending an industry-wide malaise which has gripped the sector for 17 consecutive months.
