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Global Economic News

Australia New Motor Vehicle Sales Dip 0.3%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The total number of new motor vehicle sales in Australia was down a seasonally adjusted 0.3 percent on month in March, the Australian Bureau of Statistics said on Thursday, coming in at 92,168.

That follows the 0.1 percent increase in February.

By category, sales of passenger and other vehicles decreased 3.2 percent and 0.9 percent, respectively, while sales of sports utility vehicles climbed 4.9 percent.

By region, the Northern Territory recorded the largest percentage decrease (3.0 percent) followed by Tasmania (2.7 percent) and the Australian Capital Territory (2.1 percent).

On a yearly basis, new car sales were down 2.8 percent after falling 3.5 percent in the previous month.

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