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

Measured in real terms (constant 2019 prices), motor trade sales decreased by 3,2% year-on-year in October 2023. The largest negative annual growth rates were recorded for:

  • used vehicle sales (-8,1%);
  • workshop income (-7,8%);
  • income from convenience store sales (-7,4%); and
  • income from fuel sales (-7,3%).

 

The largest negative contributors to this decrease were:

  • income from fuel sales (contributing -2,0 percentage points); and
  • used vehicle sales (contributing -1,7 percentage points).

 

Seasonally adjusted motor trade sales increased by 0,8% in October 2023 compared with September 2023. This followed month-on-month changes of -2,8% in September 2023 and -0,5% in August 2023. In the three months ended October 2023, seasonally adjusted motor trade sales decreased by 2,3% compared with the previous three months.

 

Motor trade sales decreased by 4,5% in the three months ended October 2023 compared with the three months ended October 2022. The main negative contributors to this decrease were:

  • new vehicle sales (-9,2% and contributing -2,4 percentage points); and
  • used vehicle sales (-8,4% and contributing -1,8 percentage points).