New vehicles sales in July inched ahead in Australia by 0.4 per cent compared with the same month a year ago, but backlogs in supply are still crimping overall sales in a market where the Toyota HiLux ute is a clear No. 1 with buyers.
The Federal Chamber of Automotive Industries said on Wednesday that new vehicle supply chains remained unpredictable and demand would outstrip supply for the forseeable future.
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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
