New car sales in Western Australia have had a poor start to the year, with the passenger and heavy commercial markets contracting sharply and indicating that consumers and local businesses alike are tightening their belts.
New vehicle sales in Western Australia continue to perform far below last year, with year-to-date sales down 7.9 per cent for the same period in 2013, according to new figures from the Federal Chamber of Automotive Industries.
It’s not easy to feel sympathy for Perth’s super-rich as they watch their fortunes shrink, but the problems of Gina Rinehart, Andrew Forrest, Kerry Stokes, Angela Bennett and Stan Perron are a powerful pointer to the problems facing everyone in Western Australia.
Consumer confidence within Western Australia has slumped to near record lows with the closure of high-profile businesses on the east coast and the prospect of higher interest rates rattling households.
Western Australian was the only major market to counter a negative trend in Australian motor vehicle sales. National vehicle sales fell more than 5 per cent in August amid concern over high fuel prices and rising interest rates.