Tag Archives: suvs

SUV sales over-taking passenger vehicle sales in Qld

As SUVs have become the new family car, and many millennials are living in inner cities and relying on public transport, walking or cycling, SUVs have steadily increased their share of new motor vehicle sales, and now SUV sales exceed … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , | 4 Comments

New SUV sales surge – pent-up demand possibly playing a role in pick up in new motor vehicles sales

New motor vehicle sales in Queensland were 4.7% higher in February than in January in seasonally adjusted terms, driven by a surge in SUV sales, which could eventually overtake sales of passenger vehicles (see chart below based on ABS data … Continue reading

Posted in Macroeconomy | Tagged , , , , , , | 4 Comments

Lack of consumer confidence reflected in new vehicle sales – but trend towards SUVs continues

Anxious consumers and businesses remained reluctant to purchase new motor vehicles in May, with new vehicle sales 2.1% lower than in April and 4.3% lower than in May 2013 (see ABS summary). Both vehicles for personal and business use appear … Continue reading

Posted in Macroeconomy | Tagged , , , , , | Leave a comment