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The Australian Bureau of Statistics (ABS) has just released new motor vehicle sales for the month of June 2014, which registered a 1.7% seasonally adjusted rise in the number of sales, but a 2.2% decrease over the year (see next table). It was the third consecutive monthly rise in sales.
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Sales in June rose in seven out of eight jurisdictions.
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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.
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