New car sales fall again amid chip shortages

Friday 4 February 2022

Australian new car sales fell 4.8% year-on-year in January on the back of the supply disruptions, according to the Federal Chamber of Automotive Industries (FCAI).

Only 75,863 new cars were sold in January compared with 79,666 in January 2021 and 71,731 in January 2020.

The next chart plots new car sales in rolling annual terms and shows the COVID rebound has well and truly ended:

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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.