Cars sales run over the bears

Monday 15 October 2012

September car sales are out and it looks like rate cuts are having a powerful effect in your garage. Total sales are up 14.4% year on year and 4.7% from August, which was revised up from 3.6% to 4.3%:

Aggregate sales are headed skywards:

Here are the internals, by type:

And state (all up):

Bdmp, bdmp. Got another bear.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.