New car sales fade in November

Advertisement

By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of November, which registered a 0.6% seasonally adjusted fall in the number of sales over the month and a 1.1% decrease over the year:

ScreenHunter_16727 Dec. 14 11.30

Three jurisdictions reported a decrease in new car sales in November and five recorded rises 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.