Motor Vehicle Sales Fell In January

The ABS just released their statistics to January 2015.  In line with DFA policy, we focus on the trend estimates. The January 2015 trend estimate (92 219) has decreased by 0.1% when compared with December 2014.

When comparing national trend estimates for January 2015 with December 2014, sales of Sports utility and Other vehicles increased by 0.1% and 1.0% respectively. Over the same period, Passenger vehicles decreased by 0.7%.

Six of the eight states and territories experienced a decrease in new motor vehicle sales when comparing January 2015 with December 2014. Western Australia recorded the largest percentage decrease (0.9%), followed by both South Australia and the Australian Capital Territory (0.6%). Over the same period, Tasmania recorded the largest increase in sales of 2.2%.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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