Australia New Vehicle Sales Dip 0.1% In February

The total number of new vehicle sales in Australia was down a seasonally adjusted 0.1 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at 97,921. That follows the 0.4 percent increase in January. On a yearly basis, new car sales added 2.3 percent - slowing from 5.1 percent in the previous month. By category, sales of passenger vehicles fell 0.9 percent on month, while sports utility vehicles added 0.4 percent and other vehicles climbed 1.6 percent. By region, sales in the Northern Territory jumped 1.9 percent, while the Australian Capital Territory fell 1.3 percent.

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