Australian Economy

New car sales continue to weaken

Leith van Onselen
Wednesday, 15 March 2017
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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of February, which registered a 2.7% seasonally adjusted fall in the number of sales over the month and a 4.1% decrease over the year:

ScreenHunter_17945 Mar. 15 12.17

All but two jurisdictions reported a decrease in new car sales in February 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.