New Car Sales Crash!
Written by: DavidWell figures released today confirm what most in the industry had been expecting. A big fall in new vehicle sales for October.
Precisely 79,105 new vehicles were delivered in October down 11.4% on the year below. Year to date, sales are down just 0.9% compared with this time in 2007. Of course we all know why the sudden drop - the global economic downturn is making Australians have second thoughts before making such a purchase.
It’s interesting to ponder whether people are forgoing these purchases because ......