Carsales.com (CAR)

David Boyle

Senior Equity Analyst

6 am 11 November 2020


Prior close: $21.33

Turning the corner

It has been a tough couple of years for new vehicle sales. Even prior to the big hits caused by the COVID-19 shutdowns, new car sales growth in Australia had been negative year-on-year since March 2018.

Carsales recently held their AGM and provided some positive commentary that, along with national vehicle sales data released on Friday, gives some hope that industry conditions are finally improving.

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