VFACTS May 2023: Record new-car sales result masks slowdown in showroom traffic

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  • VFACTS May 2023: Record new-car sales result masks slowdown in showroom traffic

The Australian automotive sector reported record sales last month as orders placed last year were finally filled. However, dealers say showroom traffic has slowed dramatically in the wake of interest rate rises.


A record number of motor vehicles were reported as sold in Australia last month as large shipments of pre-existing customer orders finally arrived – but the number of new-car enquiries has hit the brakes following record interest rate rises, say dealers…

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