
Car sales have been running at record numbers in Australia for some time, but I wonder whether the party is about to come to a screeching halt. After housing, cars are the next largest purchase that most people will make, and most are paid for on the never-never. If higher interest rates are biting into the housing market, I'm sure they will absolutely savage the new car market.
I hope all the wog-motor peddling dealers on Parramatta Rd are broke by Christmas.
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