CBA chief economist Michael Blythe agreed that the recent decline in property prices "could be" a part of the sharp drop-off in new car sales. But if so, Australians are showing a much greater sensitivity to house prices on the way down than they did when the property market boom was in full swing.
Though I'm still surprised to see so much happen in July.
It was an especially strong decline in luxury cars, so it may impact MNY less, unless employment starts being affected.
MNY Price at posting:
$2.03 Sentiment: Hold Disclosure: Held
