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National

Jennifer Dudley-Nicholson

Cost of living puts the brakes on new vehicle sales

Australia Tony Weber Petrol Toyota

Australians bought more than 98,000 new cars in August, a fall on 2023's record sales for the month. (Dean Lewins/AAP PHOTOS)

Australians are buying fewer new vehicles than they did one year ago, putting the brakes on passenger and petrol car purchases in particular.

Figures from the Federal Chamber of Automotive Industries showed vehicle sales fell by more than 10 per cent across the board in August, with declines for some of the most popular models.

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