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Australian new car sales fell 0.6% year-on-year in March on the back of ongoing supply disruptions, according to the Federal Chamber of Automotive Industries (FCAI).
A total of 101,233 new cars were sold in March compared with 100,005 in March 2021 and 81,690 in March 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.
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