New car sales trend lower in September

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of September, which registered a 0.5% seasonally adjusted decline in the number of sales over the month and a 0.8% fall over the year:

Six jurisdictions reported decreases in new car sales in August whereas two recorded rises.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.