Advertisement
From the Australian Federal Chamber of Automotive Industries:
Total vehicle sales in September were 92,662, down 2.1 per cent on last year’s 94,627. Sales were off 0.8 per cent compared to August, though adjusting for seasonal factors gave an increase of 0.7 per cent, VFACTS said.
Sales for the first nine months of 2013 were running 3.3 per cent ahead of the same period last year, while annualised sales were steady at 1.136 million.
Demand for sports utility vehicles remained solid with sales 3.8 per cent higher than in September last year. Sales of passenger cars dropped 3.9 per cent and the light commercial market suffered another tough month with sales down 6 per cent.
Not a lot of evidence there of a salary packaging disaster.
Advertisement
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.
Advertisement