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The Federal Chamber of Automotive Industries (FCAI) has released new car sales data for November, with a total of 95,080 vehicles sold over the month bringing the year-to-date total to 993,509.
This result represents a 17.9% increase on the same month in 2021, with the trend in sales continuing to rebound:
Commenting on the result, FCAI Chief Executive Tony Weber noted:
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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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