Australia’s biggest dealership sees further car sale falls

Friday 28 February 2020

The Federal Chamber of Automotive Industries (FCAI) new car sales report for January was a sobering read for dealerships around Australia.

According to FCAI, annual car sales collapse to their lowest level since mid-2012, down 12.4% from their March 2018 peak, after falling for 22 consecutive months:

Yesterday, the chief executive of Australia’s biggest car dealership group, AP Eagers, warned that February’s sales fell further and does not expect sales to recover any time soon:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.