The Australian new car market has posted its best October result ever, with sales records broken for the fourth month running, as supply continues to catch up with demand.

According to official new-car sales results from the Federal Chamber of Automobile Industries (FCAI), 106,809 vehicles were registered in October – up 22% from 2022, when 87,299 cars were sold.

The previous highest October result was in 2017, when 95,763 vehicles were reported as sold.

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