Luxury car sales lift and follow rising house prices

Original article by Matthew Cranston
The Australian Financial Review – Page: 3 : 13-Sep-19

Luxury car sales rose for the second month in a row in August, while sales for the year to August increased by 0.6 per cent. However, sales of standard cars fell by 10.1 per cent in August. Nonetheless, the increase in luxury car sales for two months in a row, along with a similar increase in Sydney and Melbourne house prices, has sparked hope that the Australian economy might be on the mend, with Commsec chief economist Craig James saying he thinks "the worst is behind us".


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