Key findings: P6343.2 - Motor trade sales, August 2023

Measured in real terms (constant 2019 prices), motor trade sales decreased by 2,1% year-on-year in August 2023. The largest negative annual growth rates were recorded for:

  • new vehicle sales (-11,0%);
  • used vehicle sales (-5,7%); and
  • workshop income (-4,8%).

 

The largest negative contributor was new vehicle sales (contributing -2,9 percentage points).

 

Seasonally adjusted motor trade sales decreased by 1,4% in August 2023 compared with July 2023. This followed month-on-month changes of -0,4% in July 2023 and 1,1% in June 2023. In the three months ended August 2023, seasonally adjusted motor trade sales increased by 0,9% compared with the previous three months.

 

Motor trade sales increased by 1,8% in the three months ended August 2023 compared with the three months ended August 2022. The main positive contributors to this increase were:

  • fuel sales (7,7% and contributing 2,0 percentage points); and
  • sales of accessories (7,6% and contributing 1,5 percentage points).