IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Measured in real terms (constant 2019 prices), motor trade sales decreased by 8,4% year-on-year in September 2023. The largest negative annual growth rates were recorded for:

• workshop income (-17,8%);
• new vehicle sales (-13,9%); and
• used vehicle sales (-12,2%).

The largest negative contributors to this decrease were:

• new vehicle sales (contributing -3,6 percentage points); and
• used vehicle sales (contributing -2,5 percentage points).

Seasonally adjusted motor trade sales decreased by 2,2% in September 2023 compared with August 2023. This followed month-on-month changes of -0,7% in August 2023 and -0,4% in July 2023. In the third quarter of 2023, seasonally adjusted motor trade sales decreased by 0,7% compared with the second quarter of 2023.

Motor trade sales decreased by 3,0% in the third quarter of 2023 compared with the third quarter of 2022. The main negative contributors to this decrease were:

·       used vehicle sales (-9,3% and contributing -2,0 percentage points); and

·       new vehicle sales (-7,4% and contributing -1,9 percentage points).