Near record new car sales

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of March, which registered a 0.5% seasonally adjusted lift in the number of sales, and a 4.4% increase over the year (see next table).

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Sales in March rose in four jurisdictions and fell in four.

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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.