New car sales continue to trend lower

Monday 18 December 2017

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of November, which registered a 0.1% seasonally adjusted increase in the number of sales over the month and a 2.1% increase over the year:

Four jurisdictions reported seasonally adjusted increases in new car sales in November whereas three recorded declines and one flat sales.

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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.