Business
New car sales in Australia slump but luxury brands buck trend during coronavirus pandemic – The Guardian
Overall sales have fallen 20% between January and August but Audi sales have actually increased
New car sales in Australia have slumped since the start of the coronavirus pandemic, but one sector is bucking the trend luxury brands.
Overall sales have fallen 20% as people have lost jobs and income, overseas factories have closed down and the recession has begun to bite.
But sales of luxury brands have declined much less sharply and, in at least one case Audi actually increased.
Figures from the Australian Automotive Dealers Association and Commonwealth Bank show car sales were down 20% b…
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