New car sales strong despite lockdowns

Wednesday 6 October 2021

New car sales remained strong in September despite widespread lockdowns across Australia alongside supply disruptions.

According to the Federal Chamber of Automotive Industries (FCAI), 83,312 new cars were sold in September, up only 20.8% from September 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.