No pain in a car sales detour

Car sales may reduce this quarter's household consumption print, but that's no reason for concern unless the conditions dragging them down morph into something more.

Motor vehicle sales were mostly unchanged in February but the mining and manufacturing sectors continue to weigh on sales of commercial vehicles. Motor vehicle sales are likely to subtract modestly from consumption growth in the March quarter.

Motor vehicle sales were largely unchanged in February compared with January and are now 3.5 per lower over the year. Sales have been on a downward trend over the past twelve months.


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