Key findings: P6343.2 - Motor trade sales, October 2020

Measured in nominal terms (current prices), motor trade sales decreased by 7,6% year-on-year in October 2020. Negative annual growth rates were recorded for:

  • fuel sales (-14,9%);
  • new vehicle sales (-11,2%); and
  • workshop income (-9,2%).

 

Seasonally adjusted motor trade sales decreased by 2,4% in October 2020 compared with September 2020. This followed month-on-month changes of 2,5% in September 2020 and 7,0% in August 2020.

 

In the three months ended October 2020, seasonally adjusted motor trade sales increased by 25,5% compared with the previous three months.

 

Motor trade sales decreased by 6,5% in the three months ended October 2020 compared with the three months ended October 2019. The main negative contributors to this decrease were:

·         fuel sales (-16,9% and contributing -5,0 percentage points); and

·         new vehicle sales (-9,6% and contributing -2,4 percentage points).