IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Measured in real terms (constant 2019 prices), motor trade sales decreased by 2,9% year-on-year in November 2023. The largest negative annual growth rates were recorded for:

• new vehicle sales (-11,2%); and
• workshop income (-8,3%).

The largest negative contributor to this decrease was new vehicle sales (contributing -3,0 percentage points).

Seasonally adjusted motor trade sales increased by 1,0% in November 2023 compared with October 2023. This followed month-on-month changes of 0,1% in October 2023 and -2,0% in September 2023. In the three months ended November 2023, seasonally adjusted motor trade sales decreased by 2,1% compared with the previous three months.

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

·       new vehicle sales (-9,2% and contributing -2,4 percentage points); and

·       used vehicle sales (-7,5% and contributing -1,6 percentage points).