Car sales continue to soften
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By Chris Becker
The ABS has just released its May figures for new car sales and the trend is down slightly over the month, but up 0.3% in seasonally adjusted terms. Over the year there has been a solid 2% fall in sales (-3.3% trend) mainly from Queensland and Western Australia.
Here’s the state-by-state breakdown with a surge in sales in Victoria offsetting modest falls in the other major eastern states:
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MAY KEY FIGURES
|
NSW |
Vic. |
Qld |
SA |
WA |
Tas.(a) |
NT(a) |
ACT(a) |
Aust. | |
|
Vehicle sales (no.) | |||||||||
|
| |||||||||
| Trend |
29 068 |
24 584 |
18 732 |
5 742 |
9 865 |
1 476 |
912 |
1 385 |
91 764 |
| Seasonally Adjusted |
29 193 |
25 204 |
18 641 |
5 739 |
9 915 |
1 485 |
837 |
1 397 |
92 410 |
|
Change from previous month (%) | |||||||||
|
| |||||||||
| Trend |
-0.5 |
-0.3 |
-0.6 |
-0.4 |
0.2 |
-1.1 |
-0.2 |
-2.0 |
-0.4 |
| Seasonally Adjusted |
-0.4 |
3.5 |
-2.1 |
1.3 |
0.7 |
-2.1 |
-19.2 |
0.8 |
0.3 |
|
Change from previous year (%) | |||||||||
|
| |||||||||
| Trend |
-0.6 |
-3.6 |
-4.2 |
-1.5 |
-7.1 |
-10.5 |
-5.4 |
-7.2 |
-3.3 |
| Seasonally Adjusted |
0.9 |
-0.9 |
-4.3 |
-0.4 |
-5.8 |
-11.7 |
-15.3 |
-7.4 |
-2.0 |
|
| |||||||||
| (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. | |||||||||
As for composition, its still all about SUVs which increased by 3.4% (trend 0.7%) whereas passenger/other decreased by 2% (trend 0.9%).
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