Supply constraints hammer new car sales

Wednesday, 6 July 2022

The Federal Chamber of Automotive Industries (FCAI) has released new car sales data for June, with sales nationally down 9.7% from the same month last year:

The annual fall was broad-based, with PMVs (-21.0%), SUV’s (-2.3%) and commercial vehicles (-13.5%) all falling.

Commenting on the result, CEO of FCAI Tony Webber explained that global supply chain issues continue to restrict sales:

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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.