IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Measured in real terms (constant 2019 prices), motor trade sales decreased by 2,5% year-on-year in December 2023. The largest negative annual growth rates were recorded for:

·       workshop income (-13,7%); and

·       new vehicle sales (-13,5%).

The largest negative contributor to this decrease was new vehicle sales (contributing -3,6 percentage points).

In 2023, motor trade sales decreased by 1,8% compared with 2022. The largest negative contributors were:

• used vehicle sales (-8,1% and contributing -1,7 percentage points); and
• new vehicle sales (-4,0% and contributing -1,0 percentage point).

Seasonally adjusted motor trade sales increased by 1,4% in December 2023 compared with November 2023. This followed month-on-month changes of 1,6% in November 2023 and -0,5% in October 2023.

Motor trade sales decreased by 2,7% in the fourth quarter of 2023 compared with the fourth quarter of 2022. The main negative contributor to this decrease was new vehicle sales (-8,9% and contributing -2,3 percentage points).

Seasonally adjusted motor trade sales decreased by 0,5% in the fourth quarter of 2023 compared with the third quarter of 2023. The largest negative contributor to this decrease was income from fuel sales (-3,4% and contributing -1,0 percentage point).