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Australia New Motor Vehicle Sales Flat On Month, Rise 1.7% On Year

The total number of new motor vehicle sales in Australia was flat on month in February, the Australia Bureau of Statistics said on Thursday, coming in at a seasonally adjusted 85,448. That followed the 1.3 percent monthly gain in January.

Sales of passenger vehicles were down 0.9 percent, while sales of sports utility vehicles lost 1.9 percent. Sales of other vehicles jumped 5.9 percent.

The sales of new motor vehicles decreased in four of the eight states and territories. Northern Territory recorded the largest percentage decrease, with 13.3 percent, followed by the Australian Capital Territory (11.4 percent) and Queensland (1.0 percent). Over the same period Tasmania increased by 6.3 percent.

On an annual basis, new motor vehicle sales were up 1.7 percent after collecting 2.7 percent in the previous month.

by RTTNews Staff Writer

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