Fresh from the Reserve Bank of Australia taking official rates to an all-time low, and making a plea to the Morrison government to loosen fiscal policy, new data shows the car market has stalled.

After a home, the next biggest investment for most people is a set of wheels. And when the economy is revving along, sales lift as cashed-up and confident drivers update their ride more often.

Car sales are off the bitumen with new figures showing sales for the first six months of the year at their lowest since 2012.

According to the Federal Chamber of Automotive Industries, there were 117,817 vehicles sold across the nation in June. It was a 9.6 per cent drop on the same month last year.

They were down by 10.7 per cent in NSW and 11.2 per cent in Queensland, while in Victoria they were off by 7.6 per cent. In perhaps the sickest economy in the country – the Northern Territory – sales were down by 31.4 per cent.