Car Industry Supply Rebounds with Record Breaking August New Car Sales

Under pressure from U.S. safety regulators, Ford is recalling about 2 million F-150 pickups in North America because the seat belts can cause fires. The recall covers certain trucks from the 2015 through 2018 model years. Keith Srakocic/AP

New vehicle sales in Australia have increased for five consecutive months breaking an all-time August record with 109,966 new purchases, representing a 15.4 percent increase compared to the same time last year. 

That is also a 9.9 percent increase in sales across the new car market year-to-date, according to statistics released by the Federal Chamber of Automotive Industries (FCIA) this week.