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AAP
AAP
Jacob Shteyman

Cost of living no roadblock as car sales smash record

Tony Weber Toyota
Car sales reached new heights in 2023 despite successive interest rate hikes. (Dan Himbrechts/AAP PHOTOS)

Cost-of-living pressures have failed to dampen Australia's love affair with the car, with sales reaching new heights in 2023 despite successive interest rate hikes.

The Federal Chamber of Automotive Industries on Thursday revealed Australians bought 1,216,780 new vehicles last year - eclipsing the previous annual record set in 2017 by more than 27,000.

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