Why record new car sales results in Australia are fake news

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New car buyers aren’t flocking to showrooms in record numbers in 2023 despite a series of record monthly sales results.

Australia’s annual sales total is heading towards an all-time high, somewhere beyond 1.2 million vehicles for the first time, but a growing number of car companies are reporting softening demand from buyers.

It means the official monthly totals in VFACTS industry sales reports have become a measure of deliveries, not actual sales, for each month.

“VFACTS…

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