New car sales trending down
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The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of November 2014, which registered a 0.6% seasonally adjusted monthly fall in the number of sales, and a 3.8% decrease over the year (see next table).

Sales in November fell in five jurisdictions and rose in three.
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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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