The Federal Chamber of Automotive Industries (FCAI) has released the new vehicle sales figures for the month of July 2019. The industry reported 83,184 sales for the month, a 2.8 per cent decrease from July 2018. On a year to date basis, the industry reported total sales of 637,650 units, a drop of 7.7 per cent.
Tony Weber, chief executive of the FCAI, said that while the figures represented a slight slowing of the downward sales trend, the market remained sluggish.
“The July sales figures continue to illustrate the tough market conditions facing the Australian automotive industry, and the sensitive nature of the economy over the past twelve months.
“Tight financial lending, drought, increasing Luxury Car Tax imposts and the Federal election have all contributed to make the Australian car market one of the toughest in the world.
“But it is great news for the consumer who is spoiled for choice with attractive new car offers as automotive brands provide excellent deals to stimulate sales growth,” Mr Weber said.