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The Federal Chamber of Automotive Industries (FCAI) released new car sales data for July, with sales nationally down basically flat against the same month last year, but annual sales growth continuing to stall:
Trending down!
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.
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