Some more sickly data to add in to economy news. Data from Australia's Federal Chamber of Automotive Industries (FCAI).

For April 2019

  • sales down 8.9% y/y
  • sales down 8.1% YTD on 2019

FCAI citing:

  • "This decrease is the result of a number of factors in the Australian market, including the downturn in the housing market, the tightening of lending practices, environmental factors such as drought and flood, and of course the imminent Federal Government election.
  • With all these elements currently present in the market, it is no surprise that Australian consumers are conservative in their approach to major purchases at the moment."

SUVs sales for the year to date down 7291

  • passenger cars year to date -21,987 sales

Light commercial vehicles

  • year to date down 738 sales)
  • The only sector of the market that's ahead of last year's numbers is that of light commercial vehicles sold to private buyers
Some more sickly data to add in to economy news. Data from Australia's Federal Chamber of Automotive Industries (FCAI).

Plenty of life left in the old one!