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

Measured in real terms (constant 2019 prices), motor trade sales decreased by 4,4% year-on-year in December 2024. The largest negative contributors to this decrease were:

·       new vehicle sales (-9,9% and contributing -2,4 percentage points);

·       fuel sales (-3,9% and contributing -1,2 percentage points);

·       sales of accessories (-3,7% and contributing -0,7 of a percentage point); and

·       workshop income (-9,7% and contributing -0,5 of a percentage point).

 

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

 

In 2024, motor trade sales decreased by 3,4% compared with 2023. The largest negative contributors were:

·       new vehicle sales (-7,3% and contributing -1,8 percentage points); and

·       fuel sales (-3,5% and contributing -1,0 percentage point).

 

Motor trade sales decreased by 1,6% in the fourth quarter of 2024 compared with the fourth quarter of 2023. The main negative contributors to this decrease were:

·       fuel sales (-3,3% and contributing -0,9 of a percentage point);

·       sales of accessories (-3,8% and contributing -0,7 of a percentage point);

·       new vehicle sales (-2,6% and contributing -0,6 of a percentage point); and

·       workshop income (-9,0% and contributing -0,5 of a percentage point).

 

The only positive contributor was used vehicle sales (7,8% and contributing 1,5 percentage points).

 

Seasonally adjusted motor trade sales increased by 0,5% in the fourth quarter of 2024 compared with the third quarter of 2024. The largest positive contributor to this increase was used vehicle sales (2,4% and contributing 0,5 of a percentage point).