Aussie car sales stall in June

Posted: 18 July 2016 1:22 pm

car sales

But buyers in the ACT aren't slowing down.

Australian car sales remained flat in June 2016.

The Australian Bureau of Statistics (ABS) reports there were minor decreases (-0.2%) in sales of Sports Utility Vehicles (SUVs) and other vehicles nationwide. However, passenger vehicle sales rose 0.4% month-on-month in June.

Residents of the Australian Capital Territory (ACT) were the most active buyers last month, up 2% since May. While buyers in Western Australia continued their six-month long negative trajectory, slipping 1.1% month-on-month in June.

Tasmania (-0.3%), NSW (-0.2%) and South Australia (-0.2%) all recorded month-on-month reductions in overall vehicle sales.

The trend for SUV sales has been negative since January, which could signal that Australia's love affair with SUVs is coming to an end.

Looking more broadly, annual vehicle sales in June were up 2%, compared to the previous year, with the ACT recording the largest year-on-year increase last month (11.1%).

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Picture: Shutterstock

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