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House price bounce could see better times ahead for car sales

Matthew Cranston

New vehicle sales across Australia dropped 3.8 per cent in December but have jumped in the biggest selling state of NSW – and could now be bottoming out reflecting the strong recovery in house prices.

Overall there were 84,239 sales in December, down on the 87,528 sold in the previous corresponding period, but the rapidly growing SUV market faired much better, surging 5.9 per cent.

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Matthew Cranston was The Australian Financial Review’s United States correspondent.

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    Original URL: https://www.afr.com/policy/economy/house-price-bounce-could-see-better-times-ahead-for-car-sales-20200106-p53p6q