New car sales fall in May

Thursday 16 June 2016

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of May, which registered a 1.1% seasonally adjusted decline in the number of sales but a 1.7% increase over the year, with ongoing strong trend growth in NSW reported.

Five jurisdictions posted a decline in new car sales in May in seasonally adjusted terms, whereas three posted increases.

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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.