New car sales continue to fall

Monday 16 February 2015

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of January, which registered a 1.5% seasonally adjusted monthly fall in the number of sales, but a 0.2% increase over the year (see next table).

Sales in January 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.