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Australian new car sales rose 1.6% year-on-year in February on the back of easing supply disruptions, according to the Federal Chamber of Automotive Industries (FCAI).
A total of 85,340 new cars were sold in February compared with 83,977 in February 2021 and 79,970 in February 2020.
The next chart plots new car sales in rolling annual terms:
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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.