New car sales continue to weaken

Wednesday 15 February 2017

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of January, which registered a 0.6% seasonally adjusted rise in the number of sales over the month but a 0.9% decrease over the year:

Two jurisdictions reported a increase in new car sales in January whereas six recorded falls 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.