New car sales continue two-month plunge

Another economic indicator is pointing to a two-speed economy at play in Western Australia, with new car sales dropping off 21.6 per cent in April, following a 17.9 per cent drop in May.


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Car Sales should have always been expected to drop in 2011, due to three main factors, one was the 30% rebate for businesses which ended June 2010, and many businesses forward bought vehicles to take advantage of this, secondly, car makers, particularly out of Japan have been unable to supply due the the effects of the earthquake and Tsunami, and thirdly the uncertainty of interest rates are making the mums and Dads think twice about a new vehicle. So if you are comparing the higher than usual sales of the same period last year to the sales for the same period this year, naturally you will have diminished sales, due to the 30% and the lack of supply. Numbers should be seasonally adjusted for the higher sales during this period. Maybe compare sales from 2 years ago to the sales of today to get a more realistic picture.

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