Measured in real terms (constant 2019 prices), motor trade sales increased by 2,4% year-on-year in January 2024. The largest positive annual growth rates were recorded for:

·       sales of accessories (4,9%);

·       used vehicle sales (4,1%); and

·       new vehicle sales (3,6%).

The largest positive contributors to this increase were:

• sales of accessories (contributing 1,0 percentage point);
• new vehicle sales (contributing 0,9 of a percentage point); and
• used vehicle sales (contributing 0,8 of a percentage point).

Seasonally adjusted motor trade sales increased by 0,9% in January 2024 compared with December 2023. This followed month-on-month changes of 2,4% in December 2023 and 0,5% in November 2023.

Motor trade sales decreased by 1,1% in the three months ended January 2024 compared with the three months ended January 2023. The main negative contributor to this decrease was new vehicle sales (-7,3% and contributing -1,9 percentage points).

Seasonally adjusted motor trade sales increased by 2,7% in the three months ended January 2024 compared with the previous three months. The largest positive contributors to this increase were:

·       new vehicle sales (6,9% and contributing 1,6 percentage points); and

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