Car sales jump but down on year

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From the ABS:

NOVEMBER KEY FIGURES

NSW
Vic.
Qld
SA
WA
Tas.(a)
NT(a)
ACT(a)
Aust.

Vehicle sales (no.)


Trend
29 304
26 160
18 701
5 906
9 907
1 647
944
1 470
94 039
Seasonally Adjusted
29 698
26 740
18 687
5 980
9 728
1 673
942
1 529
94 978

Change from previous month (%)


Trend
-0.1
0.6
-0.8
0.6
-1.0
0.3
-1.1
0.4
-0.1
Seasonally Adjusted
2.9
4.2
-0.1
3.0
-4.3
0.9
0.1
5.3
1.8

Change from previous year (%)


Trend
2.8
-8.7
-0.8
-12.2
6.8
-3.3
-3.8
-2.5
Seasonally Adjusted
4.3
7.5
-9.8
3.6
-14.5
1.0
-6.6
-0.5

– nil or rounded to zero (including null cells)
(a) Seasonally adjusted numbers of new motor vehicle sales in Tasmania, Northern Territory and Australian Capital Territory should be used with caution. For more information, see paragraph 7 of the Explanatory Notes.

NOVEMBER KEY POINTS

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TOTAL NEW MOTOR VEHICLE SALES

  • Trend estimates: The November 2013 trend estimate (94 039) has decreased by 0.1% when compared with October 2013.
  • Seasonally adjusted estimates: The November 2013 seasonally adjusted estimate (94 978) has increased by 1.8% when compared with October 2013.
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.
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