The 12 interest rate rises in the past 15 months have done little to dent demand for new-car sales in Australia. Here’s why.
New-car sales soared by 25 per cent last month – compared to the same month last year – despite rising interest rates, cost-of-living pressures, and record high household electricity prices.
However, data shared this week by the Federal Chamber of Automotive Industries shows the tally of 124,926 motor vehicles reported as sold in June 2023…
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