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1.Market Observations, 8.Was Sticky

4 Oct 2019 (AFR) – New car sales extend fall to 18 months in a row

(4 October 2019, AFR, p21, Simon Evans, Senior Reporter)

‘New vehicle sales in Australia slumped again in September in a soft economy, with a 6.9-per-cent fall making it 18 consecutive months that the automotive market has been in reverse. The Federal Chamber of Automotive Industries said tougher lending restrictions by financiers and a soft economy had resulted in a 6.9-per-cent drop in sales to 88,181 vehicles in September, compared with the same month a year ago.’

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

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