New car sales continue to boom

New car sales continue to boom with Australians buying over a 1 million new cars for the first time in a 12 month period. The continued strength with new car sales over a number of years has coincided with record levels of household debt. Japanese car company Toyota recorded a massive 24,500 sales in the last month of the financial year, whilst other Japanese brands have also enjoyed strong 12 month sales growth.

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