Advertisement
The Federal Chamber of Automotive Industries (FCAI) released new car sales data, with sales nationally lifting 16.9% year-on-year on the back of easing supply constraints:
According to the media release:
The monthly result released by the FCAI represents a 16.9 per cent increase over the same month last year and brings the year-to-date total to 898,429. However, this increase reflects more on supply issues in October 2021 rather than any substantial market growth in October 2022…
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement