Key findings: P6343.2 - Motor trade sales, October 2024

Measured in real terms (constant 2019 prices), motor trade sales increased by 2,3% year-on-year in October 2024.

The largest positive contributor to this increase was used vehicle sales (21,1% and contributing 3,9 percentage points). The largest negative contributors were new vehicle sales (-3,3% and contributing -0,9 of a percentage point) and sales of accessories (-2,0% and contributing -0,4 of a percentage point).

 

Seasonally adjusted motor trade sales increased by 2,6% in October 2024 compared with September 2024. This followed month-on-month changes of -1,6% in September 2024 and -0,6% in August 2024.

 

Motor trade sales decreased by 2,7% in the three months ended October 2024 compared with the three months ended October 2023. The main negative contributors to this decrease were:

  • new vehicle sales (-6,5% and contributing -1,6 percentage points);
  • sales of accessories (-5,6% and contributing -1,1 percentage points); and
  • fuel sales (-3,7% and contributing -1,0 percentage point).

 

The only positive contributor was used vehicle sales (9,6% and contributing 1,8 percentage points).

 

Seasonally adjusted motor trade sales increased by 0,7% in the three months ended October 2024 compared with the previous three months. The largest contributors to this increase were:

  • used vehicle sales (1,3% and contributing 0,3 of a percentage point);
  • new vehicle sales (0,9% and contributing 0,2 of a percentage point); and
  • fuel sales (0,9% and contributing 0,2 of a percentage point).