New vehicle sales fall 0.8%

New vehicle sales fall 0.8%

New data has revealed that Australians have been buying fewer new motor vehicles, suggesting that consumer confidence is weakening.

The Australian Bureau of Statistics has reported that 98,882 new motor vehicles were sold in September – a decline of 0.5 per cent in monthly terms and 0.8 per cent in annual terms.

New South Wales and Tasmania were the only states to experience a month-on-month increase in sales, while New South Wales and Western Australia were the only states to experience a year-on-year increase.

Region September sales Monthly change Annual change
NSW 33,813 1.8% 1.0%
Victoria 27,813 -1.4% -1.1%
Queensland 18,830 -3.8% -1.8%
Western Australia 8,318 -0.5% 0.3%
South Australia 5,937 -1.6% -4.9%
Tasmania 1,800 17.4% -1.2%
Northern Territory 871 -8.2% -7.2%
ACT 1,499 -2.9% -4.7%
Australia 98,882 -0.5% -0.8%

Passenger vehicles declining in popularity

The statistics also show that sports utility vehicles outsold passenger vehicles, for the fourth consecutive month.

Another finding is that there was a 9.1 per cent decline in passenger vehicle sales over the year, even as sales of sports utility vehicles and other vehicles increased.

Type September sales Monthly change Annual change
Sports utility vehicles 38,527 -1.2% 0.4%
Passenger vehicles 36,667 0.4% -9.1%
Other vehicles 23,688 -0.9% 13.0%

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