More mangy data

There is more bad credit and sales data out today from the ABS. First, Motor Vehicle Sales:

  • Trend – The February 2011 trend estimate (84 485) has shown a decrease of 0.3% when compared with January 2011.
  • Seasonally Adjusted – The February 2011 seasonally adjusted estimate for new motor vehicle sales (84 122) increased by 0.2% when compared with January 2011.

Down 1.5% year on year. And on Lending Finance the news is very gloomy and much more broad than just personal finance:

HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner occupied housing commitments excluding alterations and additions rose 0.4% in trend terms, while the seasonally adjusted series fell 4.6%.

PERSONAL FINANCE

  • The trend series for the value of total personal finance commitments fell 1.1%. Revolving credit commitments fell 2.1% and fixed lending commitments fell 0.1%.
  • The seasonally adjusted series for the value of total personal finance commitments fell 9.5%. Revolving credit commitments fell 14.5% and fixed lending commitments fell 4.5%.

COMMERCIAL FINANCE

  • The trend series for the value of total commercial finance commitments rose 1.5%. Revolving credit commitments rose 2.4% and fixed lending commitments rose 1.2%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 5.8%. Revolving credit commitments fell 9.7% and fixed lending commitments fell 4.0%

LEASE FINANCE

  • The trend series for the value of total lease finance commitments rose 1.2%, while the seasonally adjusted series fell 1.3%.

Comments

  1. The pic looks my old General. Its sad that as a cashed up higher earner with an old General that I’m looking at Euro cabrios as my next four wheel ‘cash’ buy (obviously at the 2yr old mark).