New car sales flat in October, trend weak

Friday 17 November 2017

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of October, which registered no change in the number of sales over the month on a seasonally adjusted basis and a 1.0% increase over the year:

Five jurisdictions reported increases in new car sales in October whereas three recorded declines.

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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.