New car sales hit the brakes

New-car buyers hit the brakes for the first time in four years in 2018 as falling housing prices, rising living costs, and tighter finance regulations put a dent in sales. According to official figures from the Federal Chamber of Automotive Industries released today, the 2018 tally of 1,153,111 was down 3.0 per cent compared to the record 1,189,116 set in 2017.