Motor Sales Declining ex-Sydney
92,234 New Motor Vehicle Sales were recorded in the month of November, or 91,869 on a seasonally adjusted basis according to the Australian Bureau of Statistics.
This is 0.6 percent less than the previous month and 3.8 percent down on the prior year figure.
On a rolling annual basis well over 1.1 million new vehicles have been sold, but this is down by more than 2.5 percent from the 2013 peak.
Passenger vehicles continue to be replaced by increasingly popular SUVs.
NSW the Star Performer
The strongest economy in Australia is New South Wales and here the number of new motor vehicles sales continues to rise with more than 356,700 units shifted over the past year.
However year-on-year sales have declined in every other state and territory, and sharply so in the mining states of Queensland and Western Australia, as well as Tasmania and the ACT.
Lower interest rates next year may help...assuming confidence picks up as a result!