Australian car sales fall in March
This is the fifth month in a row of declining vehicle sales.
National vehicle sales continued their retreat in March, signalling the fifth straight month of decline.
The latest Australian Bureau of Statistics (ABS) figures reveal a 0.3% fall in overall vehicle sales across the country, despite moderate rises in the sale of sports utility vehicles (0.2%) and other vehicles (0.5%).
Despite recording positive sales figures at the beginning of the year, passenger vehicle sales slipped by 1.3% in March, marking the second consecutive month of decline. SUV sales managed to gain quite a bit of momentum late last year, rising in September, October and November, but then hit a roadblock in December and January before bouncing back in February.
Vehicle sales were down across every state except the Northern Territory, where sales remained flat.
Tasmania (-1.9%), the ACT (-0.6%), New South Wales (-0.4%), Victoria (-0.3%), South Australia (-0.3%) Western Australia (-0.2%) and Queensland (-0.1%) all experienced declines in overall sales.