Key findings: P6343.2 - Motor trade sales, June 2008

Motor trade sales increase

Motor trade sales for the second quarter of 2008 increased by 7,7% compared with the second quarter of 2007 while the corresponding growth for 2007 was 10,9%.  Vehicle sales for the first six months of 2008 remained weak as a result of increasing petrol prices and rising interest rates, with fuel sales being the main driver of the growth in the motor trade sales.

Motor trade sales for June 2008 increased by 6,0% compared with June 2007, while sales for the corresponding period of 2007 increased by 8,7%.

Seasonally adjusted motor trade sales for the second quarter of 2008 increased by 1,8% compared with the first  quarter of 2008.