New vehicle sales slumped by 9.1 per cent in October compared with the same month a year ago, extending a downturn in the industry which now stretches for 19 consecutive months.
The bleak numbers mean that 78,000 fewer new vehicles have been bought for the first 10 months of 2019, compared with last year.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
