New car sales continue to hit the brakes, Holden posts another record low

Our appetite for new-cars continues to wane as years of record sales have given us indigestion — and a range of factors have become roadblocks to treating ourselves to a new vehicle. Economic uncertainty in the lead-up to the Federal election, tighter car loan requirements, and new industry reporting practices that mean only registered cars can be declared as sold, have all contributed to the biggest market slowdown since the Global Financial Crisis a decade ago.

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