VFACTS: 2018 annual sales wrap

New vehicle sales in Australia fell by 3 per cent in 2018, over the previous year’s all-time record, finishing at 1,153,111 units. Ten out of 12 months were behind their equivalent in 2017, and December was the quietest since 2008. A weaker housing market (particularly in NSW), reforms to the financial sector that drives car loans, and the drought ravaging rural Australia have all been blamed as factors.