Australian car sales continue to wane in January
Passenger vehicle sales up for the first time in half a year.
Despite Canberrians' ongoing affinity for new cars, national vehicle sales receded again in January.
The latest Australian Bureau of Statistics (ABS) figures reveal a modest decline (-0.2%) in overall vehicle sales across the country, despite a moderate rise (0.4%) in passenger vehicle sales.
This is the first monthly increase in passenger vehicle sales since July 2016.
However, sales of sports utility vehicles (SUVs) (-0.7%) and other vehicles (-0.4%) were down last month.
The ACT (1.01%) and Victoria (0.09%) were the only states to witness positive sales in January. Tasmania (-1.81%), Western Australia (-1.13%), the Northern Territory (-0.47%), Queensland (-0.32%), South Australia (-0.10%) and New South Wales (-0.03%) all experienced falls in overall sales.
Australians may not be interested in buying new cars right now but a recent finder.com.au study found couples are willing to fork out significant amounts of cash to properly celebrate Valentine's Day.
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