New car sales fall

Advertisement

By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of April, which registered a 2.5% seasonally adjusted decline in the number of sales but a 2.4% increase over the year, with ongoing strong trend growth in NSW reported.

ScreenHunter_13001 May. 17 11.33

All jurisdictions except Victoria and Tasmania posted a decline in new car sales in April in seasonally adjusted terms.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.