Why car sales might not stay on course for long

The recent fall in oil prices should help fuel car sales in the near term, but a weaker Australian dollar could see buyers hit the brakes.

The motor vehicle sector bounced back in December, following a couple of poor months, but the underlying trend remains quite weak and is consistent with a household sector that continues to tighten its belt.

Motor vehicle sales rose by 3 per cent in December, to be 1 per cent lower over the year. Growth was mainly driven by passenger vehicles (which are mostly purchased for households but also have a business component) and commercial vehicles.


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