The Federal Chamber of Automotive Industries (FCAI) released new car data for July, which reported the strongest monthly sales on record with a total of 103,097 vehicles delivered over the month. This was 3.6% higher than the same month last year.
“We are now seeing confidence return to the market, supported by a recent interest rate reduction and anticipation of further easing”, noted FCAI chief Tony Weber.
“Consumers are responding with interest across most segments, particularly utes and SUVs”.
