9314.0 - Sales of New Motor Vehicles, Australia, Jul 2002
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 20/08/2002
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New Motor Vehicle Sales Trend Down in July: ABS
The trend figures indicate that total new motor vehicle sales have declined for a fifth consecutive month with July 2002 figures falling by 0.7%. Despite this recent decline in trend, new motor vehicle sales rose by 6.3% over the last 12 months. New passenger vehicle sales continued to decline for the sixth consecutive month, down 0.8% in July to record a total fall of 5.2% since February 2002. Defying this trend are new passenger vehicle sales in Queensland which have recorded monthly increases since June 2001.
Seasonally adjusted sales of total new motor vehicles increased by 1.9% in July 2002. Although new passenger vehicle sales declined by 0.8%, the growth in motor vehicle sales was driven by the sale of other vehicles. In seasonally adjusted terms, Queensland recorded the strongest growth at 14.8%.
This publication draws on new motor vehicle sales data provided by the Federal Chamber of Automotive Industries (FCAI).
Further details are contained in Sales of New Motor Vehicles, Electronic Publication, (cat. no. 9314.0).
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