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

Measured in real terms (constant 2019 prices), motor trade sales decreased by 10,4% year-on-year in March 2024. The largest negative annual growth rates were recorded for:

  • new vehicle sales (-23,7%);
  • workshop income (-14,3%);
  • sales of accessories (-9,9%); and
  • used vehicle sales (-9,3%).

 

The largest negative contributors to this decrease were:

  • new vehicle sales (contributing -6,2 percentage points);
  • sales of accessories (contributing -2,0 percentage points); and
  • used vehicle sales (contributing -1,9 percentage points).

 

Seasonally adjusted motor trade sales decreased by 7,0% in March 2024 compared with February 2024. This followed month-on-month changes of -0,1% in February 2024 and -2,8% in January 2024.

 

Motor trade sales decreased by 2,3% in the first quarter of 2024 compared with the first quarter of 2023. The main negative contributor to this decrease was new vehicle sales (-8,6% and contributing -2,2 percentage points).

 

Seasonally adjusted motor trade sales decreased by 2,9% in the first quarter of 2024 compared with the fourth quarter of 2023. The main negative contributor to this decrease was new vehicle sales (-9,8% and contributing -2,5 percentage points).