• New motor vehicle sales in Australia was up 2.5% m/m

Market news

18 October 2016

New motor vehicle sales in Australia was up 2.5% m/m

According to rttnews, the total number of new motor vehicle sales in Australia was up a seasonally adjusted 2.5 percent on month in September, the Australian Bureau of Statistics said on Tuesday - coming in at 100,640.

That follows the downwardly revised flat reading in August (originally up 0.1 percent).

Sales for sports utility vehicles jumped 1.6 percent on month and other vehicles gained 0.1 percent, while passenger vehicle sales fell 0.4 percent.

By region, the largest downward movement across all states and territories was in the Australian Capital Territory (-1.0 percent).

On a yearly basis, sales added 0.8 percent - slowing from the downwardly revised 2.8 percent gain in the previous month (originally 2.9 percent).

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