Australia New Motor Vehicle Sales Fall 1.5% In January

The total number of new motor vehicle sales in Australia was down a seasonally adjusted 1.5 percent on month in January, the Australian Bureau of Statistics said on Monday, standing at 93,104. That follows the 3.0 percent increase in December. On a yearly basis, sales were up 0.2 percent after falling 1.0 percent in the previous month. By category, sales of other vehicles fell 3.1 percent on month, while sales for passenger vehicles lost 0.6 percent and sales of sports utility vehicles dropped 1.6 percent. By region, the Northern Territory had the largest percentage decrease (12.9 percent) followed by Queensland (4.5 percent) and Victoria (1.3 percent). Tasmania saw the largest increase in sales of 15.4 percent.

News are provided by InstaForex