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The Federal Chamber of Automotive Industies (FCAI) has released new car sales for December, which revealed that sales continued to rebound:
According to FCAI:
December 2020 recorded 95,652 sales, a 13.5 per cent increase over the same period in December 2019 when 84,239 were sold. This result follows a similar upturn in November 2020, when sales of 95,205 vehicles, a 12.4 per cent gain over November 2019, were recorded.
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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.