9314.0 - Sales of New Motor Vehicles, Australia, Jan 2002
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 20/02/2002 Reissue
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New Motor Vehicle Sales Up: ABS
Sales of new vehicles have been rising for the last eight months, although the trend figures show the rate of growth slowed in January 2002 to 1.9% over the previous month, according to a new publication released by the Australian Bureau of Statistics (ABS) today.
The publication, Sales of New Motor Vehicles, Electronic Publication, (cat. no. 9314.0) replaces the new motor vehicle registrations statistical series and draws on actual sales data provided by the Federal Chamber of Automotive Industries (FCAI).
Passenger vehicle sales have been rising for the last six months with the growth rate remaining steady at around 2.1% over the last three, according to trend figures. Sales of other vehicles have also continued rising over the last nine months. However, the rate of growth for other vehicles fell from 2.1% in December to 1.6% in January. The trend level for total vehicle sales has risen in all States and Territories for at least the last six months.
Seasonally adjusted sales of new vehicles rose by almost 10% in January 2002, with passenger vehicles up by 5% and other vehicles up by 21%. Sales for January 2002 were 15% higher then the previous year. All States and Territories with the exception of Western Australia experienced an increase in sales in January. The fall in Western Australia followed a larger than normal increase in December.
The new publication provides monthly information on sales of new motor vehicles (passenger vehicles, other vehicles and total vehicles) at the State/Territory and National levels in original, seasonally adjusted and trend terms.
Media please note:
Sales of New Motor Vehicles, Electronic Publication, (cat. no. 9314.0) draws on data from the VFACTS collection produced by the Federal Chamber of Automotive Industries (FCAI). The reliability and accuracy of the FCAI data prompted the ABS to replace registrations data (commonly used as a proxy for vehicle sales) with actual sales data. The ABS has used original data from VFACTS and created seasonally adjusted and trend time series on a monthly basis from January 1994 for comparative purposes. More details are contained in the publication.
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