The situation facing Australia’s car dealers was already dire, given new car sales had fallen for 26 consecutive months to levels not seen since February 2010:
Yesterday’s import data from the Australian Bureau of Statistics was another nail in the coffin, with car imports hitting a 10.5 year low:
Back in April, The AFR reported that many car dealerships were “expected to collapse within months”.
In light of this data, many dealerships must now be beyond the point of no return.
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