New car sales flat in May

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released new motor vehicle sales for the month of May, which registered no material movement over the month in seasonally-adjusted terms and only a 0.2% increase over the year. The result followed four consecutive monthly falls in sales (see next table).

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Sales rose in New South Wales, Queensland, Tasmania, Northern Territory, and the ACT, but fell in Victoria, Western Australia, and South Australia.

Car sales remain in a weakening uptrend, however, driven by strong growth in sales of Sports Utility Vehicles or SUVs (4WDs):

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The trend also remains up in all mainland states, although it too is clearly weakening:

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Leith van Onselen

Comments

  1. June is the month to watch for car sales. Seasonally adjusted sales for May are up 0.2% which is weak, but not falling.