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1.Market Observations, 8.Was Sticky

5 Sept 2019 (AFR) – New car sales plunge in August as loans dry up

(5 September 2019, AFR, p21, Simon Evans, Senior Reporter)

Total vehicle sales, and Top 10 individual models (VFacts, AFR)

Total vehicle sales, and Top 10 individual models (VFacts, AFR)

‘New vehicle sales in Australia plunged by 10.1 per cent in August as buyers struggled to obtain finance for cars, extending an industry-wide malaise which has gripped the sector for 17 consecutive months. New figures out on Wednesday from the Federal Chamber of Automotive Industries (FCAI) showed the downturn was across every segment in August, with passenger vehicles down 17 per cent, SUVs falling by 5.4 per cent and light commercial vehicles sliding by 8.6 per cent.’

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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