New vehicle sales fall 0.8%
New data has revealed that Australians have been buying fewer new motor vehicles, suggesting that consumer confidence is weakening.
The Australian Bureau of Statistics has reported that 98,882 new motor vehicles were sold in September – a decline of 0.5 per cent in monthly terms and 0.8 per cent in annual terms.
New South Wales and Tasmania were the only states to experience a month-on-month increase in sales, while New South Wales and Western Australia were the only states to experience a year-on-year increase.
| Region | September sales | Monthly change | Annual change |
|---|---|---|---|
| NSW | 33,813 | 1.8% | 1.0% |
| Victoria | 27,813 | -1.4% | -1.1% |
| Queensland | 18,830 | -3.8% | -1.8% |
| Western Australia | 8,318 | -0.5% | 0.3% |
| South Australia | 5,937 | -1.6% | -4.9% |
| Tasmania | 1,800 | 17.4% | -1.2% |
| Northern Territory | 871 | -8.2% | -7.2% |
| ACT | 1,499 | -2.9% | -4.7% |
| Australia | 98,882 | -0.5% | -0.8% |
Passenger vehicles declining in popularity
The statistics also show that sports utility vehicles outsold passenger vehicles, for the fourth consecutive month.
Another finding is that there was a 9.1 per cent decline in passenger vehicle sales over the year, even as sales of sports utility vehicles and other vehicles increased.
| Type | September sales | Monthly change | Annual change |
|---|---|---|---|
| Sports utility vehicles | 38,527 | -1.2% | 0.4% |
| Passenger vehicles | 36,667 | 0.4% | -9.1% |
| Other vehicles | 23,688 | -0.9% | 13.0% |
Disclaimer
This article is over two years old, last updated on October 18, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent car loans articles.
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