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Ute-buying rush lifts car sales out of 31-month slide

Simon Evans
Simon EvansSenior reporter

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A ute-buying frenzy underpinned a strong rebound in new vehicle sales in November which ended a run of 31 months of consecutive declines in an industry that had already been battling before the pandemic.

The instant asset write-off tax break scheme implemented by the federal government had a big effect along with rising confidence levels as the coronavirus pandemic came under control in Australia and Victoria moved out of lockdown.

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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

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    Original URL: https://www.afr.com/companies/transport/ute-buying-rush-lifts-car-sales-out-of-31-month-slide-20201202-p56jyy