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Further information about this topic can be accessed at Retail Trade, Australia (cat. no. 8501.0) or by contacting the National Information and Referral Service on 1300 135 070. This publication is released monthly.
NEW MOTOR VEHICLE SALES
Following the Federal Government Budget in May 2009, the eligibility period for the Small Business and General Business Tax Break was extended to December 2009. The rebate level was also increased for small businesses, allowing eligible businesses to claim an increased tax deduction on the purchase of new motor vehicles.
The trend series attempts to measure the underlying behaviour in new motor vehicle sales. In the short term, this measurement may be significantly affected by unusual influences in the original and seasonally adjusted data, like those observed in May and June 2009. If the trend estimates in the publication were to be calculated without fully accounting for this irregular event, they would be likely to provide a misleading view of the underlying trend in new motor vehicle sales activity.
The new motor vehicle sales trend series has therefore been suspended from May 2009. The trend series will be reintroduced when more certainty emerges in the underlying behaviour of new car sales.
In seasonally adjusted terms, 9,456 new passenger vehicles and 17,507 new vehicles in total were sold in Queensland in October 2009. Corresponding sales for Australia were 46,892 and 81,122. When comparing October 2009 with September 2009, Queensland recorded an increase of 4.6% in passenger vehicle sales.Total new vehicle sales increased by 4.0% over the same period.
In October 1999, new passenger vehicle sales accounted for 61% of total new vehicle sales in Queensland. By October 2009, the proportion for new passenger vehicle sales had fallen to 54%.
Further information about new motor vehicle sales can be accessed from Sales of New Motor Vehicles, Australia (cat. no. 9314.0) or by contacting the National Information and Referral Service on 1300 135 070. This publication is released monthly.
PRIVATE NEW CAPITAL EXPENDITURE
Between the June 2009 and the September 2009 quarters, the Queensland chain volume trend estimate of private new capital expenditure decreased by 3.1% to $5,820 million.
During the same period, expenditure on Equipment, plant and machinery decreased by 4.6% to $2,886 million while expenditure on Buildings and structures decreased by 1.1% to $2,944 million.
Comparing the September 2009 quarter with the September 2008 quarter, Queensland's total private new capital expenditure decreased by 5.9%. Expenditure on Equipment, plant and machinery decreased by 14% and expenditure on Buildings and structures increased by 5.0%.
Further information on this topic can be accessed at Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0) or by contacting the National Information and Referral Service on 1300 135 070. This publication is released quarterly.
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