The Australian new car market has posted another record-breaking month ahead of a predicted drop in sales later this year as supply continues to catch up with demand.

According to official new-car sales results from the Federal Chamber of Automotive Industries (FCAI), 105,023 vehicles were registered in February 2024 – beating the previous record of 86,878 cars set last year.

However, the automotive industry has warned that the new-car market is unlikely to continue…