New car sales continue to fall

Monday, 15 September 2014

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of August 2014, which registered a 1.8% seasonally adjusted fall in the number of sales, and a 3.5% decrease over the year (see next table).

Sales in July fell in all jurisdictions except the South Australia.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.