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

Measured in real terms (constant 2019 prices), motor trade sales decreased by 9,9% year-on-year in June 2024. The largest negative contributors to this decrease were:

  • new vehicle sales (-17,0% and contributing -4,3 percentage points);
  • sales of accessories (-17,5% and contributing -3,8 percentage points); and
  • fuel sales (-4,0% and contributing -1,0 percentage point).

 

Seasonally adjusted motor trade sales increased by 4,9% in June 2024 compared with May 2024. This followed month-on-month changes of -6,0% in May 2024 and 6,3% in April 2024.

 

Motor trade sales decreased by 5,3% in the second quarter of 2024 compared with the second quarter of 2023. The main negative contributors to this decrease were:

  • new vehicle sales (-10,9% and contributing -2,7 percentage points);
  • fuel sales (-5,7% and contributing -1,6 percentage points); and
  • sales of accessories (-7,4% and contributing -1,5 percentage points).

 

The only positive contributor was used vehicle sales (6,0% and contributing 1,2 percentage points).

 

Seasonally adjusted motor trade sales decreased by 1,5% in the second quarter of 2024 compared with the first quarter of 2024. The main negative contributors to this decrease were:

  • fuel sales (-4,4% and contributing -1,2 percentage points);
  • sales of accessories (-3,3% and contributing -0,7 of a percentage point); and
  • new vehicle sales (-2,2% and contributing -0,5 of a percentage point).

 

The main positive contributor was used vehicle sales (4,8% and contributing 1,0 percentage point).