New car sales end 2022 strong

Advertisement

Federated Chamber of Automotive Industries figures reveal that 87,920 vehicles were sold in December, an increase of 12.1% on December 2021. This brought the year-to-date total to 1,081,429:

New car sales

FCAI Chief Executive Tony Weber said the pathway through COVID recovery, microprocessor shortages and bottlenecks due to global shipping issues had created great challenges for car makers and their dealer networks in 2022.

“While 2022 has been a year of resilience and recovery, 2023 is shaping up as one of the most significant in recent history, particularly in terms of the development of policies that set the direction for the future decarbonisation of the light vehicle fleet”, Weber said.

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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