Australia’s Budget announcement dampens confidence, possibly car sales

New vehicle sales in Australia contracted yet again in May, falling 2.3% year-on-year to 94,562 units. May marked the seventh consecutive month of decline and left year-to-date figures down 2.9% at 441,642 units. However, last month's total still represents the third best May result on record. Subscribe to Automotive World to continue reading Sign up … Continued

• By Megan Lampinen
• June 6, 2014