Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 16 June 2016

NSW car sales highest on record

New car sales ease

A seasonally adjusted 95,855 new motor vehicle sales in May was another strong result, but a bit below recent record highs.

That said in annual terms 1.17 million new vehicle sales was another record high.

Some 37 per cent of annual sales have been accounted for by Sports Utility Vehicles (SUVs).

Sales in New South Wales continued to smoke records with 392,734 units sold in the past year, an 8.1 per cent year-on-year increase.

It's definitely boomtime in Sydney right now.

The national result has been held back by Western Australia, where new motor sales have now been in a downtrend since November 2012.