The Australian Bureau of Statistics (ABS) has released new motor vehicle sales for the month of February, which registered no material change in sales over the month in seasonally-adjusted terms, but a 9.4% increase over the year:
The Northern Territory managed the largest increase, with sales rising by 10.0% over the month. This was followed by Western Australia, where sales rose by 1.7% in February. By contrast, big falls were recorded in South Australia (-5.3%) and Tasmania (-6.7%) over the month.
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Car sales remain in an uptrend, however, driven by strong growth in sales of Sports Utility Vehicles or SUVs (4WDs) and ‘other’ vehicles:
The trend also remains up in all mainland states:
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