New cars sales slip 10.1% in August

New car sales recorded another slump in August, the country’s peak motor industry group says, apparently sidelining hopes that the more moderate dip in the previous month signalled a turning point.

The number of vehicles sold across Australia last month was down 10.1 per cent compared to August 2018, according to a tally issued by the Federal Chamber of Automotive Industries (FCAI) on Wednesday, following a 2.8 slide in July.

“There’s no doubt it is a very tough market at the moment. And despite the best efforts of the industry, the decrease in sales continues,” FCAI CEO Tony Weber said after the group catalogued the 17th consecutive month of declines.

AAP

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