New car sales post best August since 2017

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The Federal Chamber of Automotive Industries (FCAI) released new car sales data, with sales nationally posting their best August results since 2017:

Australian new car sales

Strongest August since 2017.

CEO of FCAI, Tony Webber, was encouraged by the result:

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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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