New motor vehicle sales in Australia slide 1.1% in May
The Australian Bureau of Statistics released its new motor vehicle sales data on Thursday. New motor vehicle sales in Australia slid 1.1% in May, after a 1.9% drop in April. April's figure was revised up from a 2.5% fall.
Sales of passenger vehicles declined 3.0% in May, sales of sports utility vehicles were up 1.4%, while sales of other vehicles plunged 1.7%.
On a yearly basis, new motor vehicle sales climbed 1.7% in May, after a 2.8% increase in April. April's figure was revised up from a 2.4% rise.