Data Diary

New Motor Vehicle Sales for May released today by the ABS (here). Sales of new vehicles have proven resilient having now recovered to their long term growth rate.  Notably, the month of May was up 18% on the same month last year.  For the last 12 months we have now officially passed back through the [...]

Just getting to the April 2010 new motor vehicle sales released by the ABS this week (see here for original).  I’ll admit that I was a little taken aback when Alan Kohler purred about April’s next-to-record jump in car sales – led by 4×4′s sold to Western Australian miners apparently.  For a similar view see [...]

ABS released new motor vehicle sales for March 2010 (here).  Sales continue to rebound strongly from the very depressed levels of early 2009. But remain below trend on a trailing 12 month basis. While March is a seasonally strong month for new car sales, it does appear that sales are recovering towards their longer run [...]

Upbeat sales numbers for February suggest that the Australian consumer is feeling pretty good about themselves. It might be the continued climb in house prices or resilient employment numbers – whatever the driver, new car sales are suggesting the Australian economy remains on the front foot.

New motor vehicle sales for Jan 2010 confirm that car sales topped last year – absent more government handouts this sector will struggle through 2010.

Behind the cardboard facade, I am making progress on developing this site.  In the meantime, analysis of the data that will flow into our leading indicators will be somewhat hackneyed.  Still…following are the charts ripped out of the ABS’s release for new car sales. As a chart it looks pretty neat – all upward sloping [...]