New car sales remain strong in face of lockdowns

Thursday, 9 September 2021

New car sales remained strong in August despite widespread lockdowns across Australia.

According to the Federal Chamber of Automotive Industries (FCAI), 81,199 new cars were sold in August, up only 33.1% from August last year.

The next chart plots new car sales in rolling annual terms and shows the strong rebound after sales bottomed in October 2020:

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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.