New car sales hit record high in June

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of June, which registered a 1.2% seasonally adjusted rise in the number of sales over the month and a 3.6% rise over the year:

Five jurisdictions reported increases in new car sales in June whereas three recorded falls.

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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.