New car sales bounce

Monday 15 July 2013

The Australian Bureau of Statistics (ABS) has just released new motor vehicle sales for the month of June, which registered a 4.0% seasonally adjusted rise over the month and a 7.1% increase over the year (see next table).

Sales rose in all states and territories except the Northern Territory.

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

The trend also remains up in all mainland states, although it too has clearly weakened:

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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.