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Australian Vehicle Sales Fall in August
Monday, 22 September 2008 02:10:13 GMT  |  Luis Gil, DailyFX.com
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Australian New Motor Vehicle Sales fell by -7.1% in 12 months through August as high credit costs and soaring fuel costs reduced demand for such a big ticket item. The year through July saw the metric fall by -4.5%. Falling energy prices along with Reserve Bank of Australia’s continued rate easing may offer consumers greater purchasing power, allowing the metric to see favorable readings for the month of September.

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