New car sales rise in June

Thursday 14 July 2016

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of June, which registered a 3.1% seasonally adjusted jump in the number of sales and a 2.1% increase over the year, with ongoing strong trend growth in NSW reported.

All jurisdictions except SA and TAS reported an increase in new car sales in June 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.