New car sales fall

Tuesday 17 May 2016

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.

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

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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.