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    New car sales highest since 2017

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    New vehicle sales in August were the highest month since 2017.

    Demand continues to outstrip supply, with electric vehicle sales reaching a record 4.4% of all new cars sold.

    The Federal Chamber of Automotive Industries said 95,256 vehicles were sold in August - up 17.3 per cent on the same month a year ago.

    It?s the strongest August since well before the COVID-19 pandemic started and also shows that car buyers are so far shrugging off the impact of rising interest rates as the Reserve Bank seeks to curb inflation.

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