Global supply chain continues to stymie new car sales

Thursday, 5 May 2022

The Federal Chamber of Automotive Industries (FCAI) has released new car sales data for April, with sales nationally down 12.2% from the same month last year:

The annual fall was broad-based, with PMVs (-14.5%), SUV’s (-13.8%) and commercial vehicles (-7.4%) all falling.

According to Tony Weber, CEO of FCAI, global supply chain issues continue to stymie sales:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.