Tanking motor sales hint at a stalling economy

Soft motor vehicle sales not only highlight the plight of Australia's beleaguered manufacturing sector, but point to the hard economic road ahead.

It has been a turbulent period for the Australian motor vehicle industry, with domestic production set to cease by 2017. However, recent data suggests that it is not just domestic producers who are struggling to make a dime in Australia.

Motor vehicle sales fell by 3.5 per cent in January to be 3.0 per cent lower over the year. SUV and commercial vehicle sales fell sharply in January, while sales of passenger vehicles also fell significantly.

Graph for Tanking motor sales hint at a stalling economy



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