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The Federal Chamber of Automotive Industries (FCAI) has released new car sales data for January, which smashed records.
89,782 new vehicles were recorded in January, 5.8% more than January 2023 and breaking the previous January record of 88,551 set in 2018.
The record January result was driven by customers’ strong preference for SUVs and light commercial vehicles.
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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.